WarrenB1

No-look at the reading Detla S is the change in the numbe of shares, it is not the change in return that arises from the change in shares:


page 35,Volume 3,CFAI Readings :
The term

jonh

And the question says

torontoanalyst

Forget about the sign. The sign is part of the expression. We are not talking about “Delta S” but “minus delta S”
hence if you just need to plug the figure if your given the repurchase yield
Read again your quote from Grinold: “the second term - delta S… Equals the repurchase yield”. The sign is included in the term!!!
And what are you given? The repruchase yield! Wow..
no need to touch the sign in the final equation!

kasinkei

Also -se from the readings that  -

bluejazzy

You know what, you’re right. Please make sure you change the sign Saturday!

tikfed

Monk, I dont know what to tell you other than you are wrong.
Good luck on Saturday, my friend.

ohai

bump again!!!
hahahahaha
this stuff is gold, Jerry…GOLD!

Roflnadal

Hey mcap11, congrats on passing level 3.  It was nice to see we made it thru together.   Can’t believe how much time went by since level 1 (dec 08).  Best of luck.