spartan1

so…5% right?

Kiakaha

^ that’s what i did.. when I left the exam everyone was saying its 7. something im not sure but I was kind of sure that it is 5 only.. its not a found or end.. im not sure.. anyone?

Benjiko

not if its real kid cudi

ASSet_MANagemen

Went with SQRT(25) here as the RRR

fishmarket

Given the discount rate did not state that inflation was included, I think it is safer to add inflation.  Also add MGMT fees too.

whew1110

i must have been blind, i didnt see mgmt fees either.  were they buried in the text somewhere?

soddy1979

^ must have been blind too .. low probability to have a lot of blind people not seeing management fees.. high probability of having different versions of exams.. who knows ..

jcfa2011

I recall the question said “show your calculation”. Would the CFAI do that of it was just the 5%?

SpyAli

Ilovegold wrote:
I recall the question said “show your calculation”. Would the CFAI do that of it was just the 5%?
Another hint that you had to make some exercise with the figures. If you were to put just 5% in the answerbook, it is hardly to be considered as “calculation”, isn’t? Thus, in order to make the calculation you needed to show a manupulation with those three figures.

MiniMe7

^interesting