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lectures/pv.md
@@ -465,3 +465,18 @@ following settings for $d$ and $p_{T+1}^*$:
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```{exercise-end}
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```
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+
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+```{solution-start} pv_ex_a
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+:class: dropdown
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+```
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+Plugging each pair of the above $p_{T+1}^*, d_t$ into Equation {eq}`eq:ptpveq` yields:
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+1. $p_t = \sum^T_{s=t} \delta^{s-t} g^s d_0$
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+1. $p_t = \sum^T_{s=t} \delta^{s-t} g^s d_0 + \delta^{T+1-t} g^{T+1} d_0$
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+1. $p_t = 0$
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+1. $p_t = c \delta^{-t}$
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+```{solution-end}
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