Refer back to the story of Ms. Kraft in Section

Refer back to the story of Ms. Kraft in Section 3.1.

a. If the one-year interest rate were 25 percent, how many plays would Ms. Kraft require to become a millionaire?

b. What does the story of Ms. Kraft imply about the relationship between the one year discount factor, DF1, and the two-year discount factor, DF2?

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