Question: SIDE NOTE: EXPLAIN YOUR CALCULATION, THANKS! Calculate the discount factor for a cash flow with a risk-adjusted required return of 6% where cash flow is

SIDE NOTE: EXPLAIN YOUR CALCULATION, THANKS!

Calculate the discount factor for a cash flow with a risk-adjusted required return of 6% where cash flow is paid out in 8 years. Explain and comment on what the discount factor is used for in financial economy. The course i am studying is finance and investment!

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