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Date Posted: 13:41:21 09/17/02 Tue
Author: jimmahar
Subject: Error in 401 notes of 9/16/02

oops....

I screwed up the second to last example in class on 9/16/02

If you look We did do it correct in the last example, but for clarification we will go over the example again...

After find the value of the stock in the third year, you then have to discount this back to the present. (multiply by (1/(1+r)^3)

You can dee it done correctly in the last example.

Sorry, if you have any questions please PLEASE ask...

jim

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