in the answer the text guves a discount factor of 1.1225 and then 1.225^2 and 1.225^3
I think the discount factor should have been 1.1225 throughout.
Review the level 1 reading about Time value of money, it will be of great help for you
in the answer the text guves a discount factor of 1.1225 and then 1.225^2 and 1.225^3
I think the discount factor should have been 1.1225 throughout.
Review the level 1 reading about Time value of money, it will be of great help for you