Problem
1. Is the result in the preceding exercise still true if we allow the discount rate to be positive? What is the lower bound of the discount rate in this particular case?
2. Follow-up from your answer to the previous exercise: what is the upper bound of the discount rate? Briefly explain your answer.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.