I am confused as it says
Silva presents Exhibit 1, noting that approximately half of the future wage inflation liability is assumed to correlate closely to CPI and half of the future real wage growth is assumed to correlate closely with domestic equities: 6 = 3 index-linked bond + 3 equities (where it includes nominal bonds?) as used in part 3 c
C is correct. All of the deferred benefits of R$5 million plus all of the active accrued benefit of R$9 million _ plus half of the future wage inflation _ and half of the real future wage growth can best be mimicked using nominal bonds whose cash flows match the estimated benefit payments. [R$5 + R$9 + (R$6 × 0.5) +(R$2 × 0.5)] = R$18.
I think it should be[R$5 + R$9 + (R$2 × 0.5)] = R$15. Can someone advise, please?