The rate d ( p ) {\displaystyle \,d^{(p)}} is always bigger than d because the rate of discount convertible pthly is applied in each subinterval to a smaller (already discounted) sum of money.
The rate d ( p ) {\displaystyle \,d^{(p)}} uvijek je veća od d jer se konvertibilna stopa popusta primjenjuje u svakom podintervu na manju (već diskontiranu) sumu novca.