Bulletin – March 2017 Equation (A1)

P t = t=0 E t D t ( 1+ r e ) t MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamiuamaaBaaaleaacaWG0baabeaakiabg2da9maaqahabaWaaSaaaeaacaWGfbWaaSbaaSqaaiaadshaaeqaaOGaamiramaaBaaaleaacaWG0baabeaaaOqaamaabmaabaGaaGymaiabgUcaRiaadkhadaWgaaWcbaGaamyzaaqabaaakiaawIcacaGLPaaadaahaaWcbeqaaiaadshaaaaaaaqaaiaadshacqGH9aqpcaaIWaaabaGaeyOhIukaniabggHiLdaaaa@49C3@