周教授CFA金融课程(2019/2020年CFA一级全系列课程)

申请CFA一级会员免费学习、免费延期、高通过率。

周教授CFA金融课程(2020年CFA二级全系列课程)

申请CFA二级会员免费学习、免费延期、高通过率。

周教授CFA金融课程:考点精讲+作答须知(2020年CFA三级全系列课程)

全球最好CFA三级课程,由美国大学金融学资深教授,博士,CFA 持证人、博士生导师 - 周教授亲自授课,中国知名大学教授、硕博团队协作出品,高通过率

 

CFA报名详细流程图,CFA考生自己即可完成报名
上一主题:Associate Analyst Salary/Interview Questions?
下一主题:duplicated ethics examples
返回列表 发帖
周教授CFA金融课程:2019/2020年CFA一二三级系列课程

2012 Morning Mock Question #82

Hi all,
Please help me with this little math concept.
On 2012 Official Mock Morning Question #82 concerning with calculating justified PE.
I understand the whole concept however I dont understand why n = 3 instead of 4.
Compound earning growth = 2.5 (1 + x) ^ 3 = 3.2
Please help me out here.
Tks

Because 2008 to 2009 is one year, 2009 to 2010 is one year, 2010 to 2011 is one year.  All in all that’s 3 years. Hope that makes sense

TOP

I know that. But base on what you are saying, we are only counting from 2008 to 2010.
The question specifically stating “Over relevant period from 2008 to 2011”, so it actually means from beginning of 2008 to ending 2010?
See, from
beginning 2008 to ending 2008 —-1
beginning 2009 to ending 2009 —-1
beginning 2010 to ending 2010 —-1
beginning 2011 to ending 2011—–1
Total —————————————-4

TOP

Nah you’re overthinking it a bit, TVM questions always messed with my head in this regard during univeristy too.  You’ve gotta think of it as Jan. 1 ‘08 to Jan. 1 ‘11, which gives you the three years.

TOP

返回列表
上一主题:Associate Analyst Salary/Interview Questions?
下一主题:duplicated ethics examples