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Schweser Practice Exam - Vol 1 Ex. 2 Question 1
Volume 1
Exam 2
AM Session - Question #1
The Smythes state that they would like to have emergency cash on hand. So I incorporated this into my answer. For my total asset base, I added the inheritance of 2.5 and savings of 1.25M. Then I subtrated 900K (~6 months of living expenses). I calculated my return requirement based off this. Would I have been marked wrong?
For the risk portion, why does the answer not consider expenses in regards to the total assets? 116,438 is only 3.1% of assets (not excluding the 900,000 for emergency)- I considered this to show above average ability.
I did not think we could tell their ability to take risk without looking at expenses relative to assets.
Am I complicating this or am I right? Was anyone else’s thought process similar to mine when answering this question?
Any help would be appreciated! |
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发表于 2013-4-4 04:26
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