Required return vs discount rate

CFA Level II
#1

why not required return?

To determine the present value of an investment based on a future estimate of the investment’s value, an analyst should use the:

A) required return. B) discount rate. C) internal rate of return.

Your answer: A was incorrect. The correct answer was B) discount rate.

The discount rate is the rate used to find the present value of an investment.

#2

What matters to you is the required rate, but since the required rate is different for different individuals, you use the discount rate which is a more general rate, like the risk-free rate. That’s how I see it.