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The discount is compound: If price today are 100, first year 6% drop is 94% of 100 = 94 second year 6% drop is 94% of 94 = 88.36 .. sixth year 6% drop is 94% of 78.07 = 73.39
from 100 today to 73.4 in six year: 26.6% drop
or 1 – (0.94)^5 = 26.6%