CFA Curriculum; Vol 5; page 96; Exhibit 24. Can anyone please explain how those present values were calculated or which values were discounted to arrive at, for example, the PV of 95.72908 for Path 1? Thanks.
I used all sorts of means but I still couldn’t figure it out. I couldn’t “get” how those present values in Example 6( page 98) were calculated either. Can anyone help me, please? Looks like I’m wasting too much time on that.
can you paste a picture of the “tree” you are looking at?
I do not have this text book with me!