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when Wc reduces - the reduction actually acts as an increase.
formula is -WCInv, which implies if WCInv itself is -ve - it would be an addition. there was a question along similar lines in the free sample from CFAI as well, I believe.

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thanks the errors drive me crazy

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上一主题:possible error on schweser notes, please confirm?
下一主题:Email from CFA confirmed L1 results on July 28th