The discounted price is $14.40. Hope this helped.
Step-by-step explanation:
We need to find each of the following as a rational number in the form of p/q
(a) (3/7)² (b) (7/9)³ (c) (-2/3)⁴
Solution,
(a) (3/7)²

(b) (7/9)³

(c) (-2/3)⁴

Hence, this is the required solution.
DEFINITION of 'Constant Ratio Plan' Aconstant ratio plan is a strategic asset allocation strategy, or formula, which keeps the aggressive and conservative portions of a portfolio set at a fixedratio.