Reading 30, EOC 41

In reading 30, EOC #41, why do we use 8% as the required rate of return?

Did you check the errata?

According to the errata:

Reading 30: In the text below Exhibit 5 (p. 228 of print), the Period 11 dividend is €0.9943 (= D10 × 1.05 = €0.9469 × 1.05). In the information for Practice Problems 37-46 (p. 261 of print), the required rate of return for Venus Company is 8%.

I knew that.

The point was for cffong91 to look it up.

Oh I knew you knew that… I thought he didnt know what errata was!

. . . what errata were.

:wink: