Reading 48 CFAI question 27 regarding, question, adjusted

Fdez

Some strange calculations regarding preliquidation after-tax return adjusted for the impact of nondiscretionary capital gains…I can’t see where it is addressed in the LOS.
Thoughts?

HuskyGrad2010

There is no LOS for it though

jarobi04

Damn, was hoping to ignore it…

EastCoastJ

this is where Schweser drops the ball. It is in the CFAI text. Basically, in calculating the preliquidation after-tax return, you adjust the numerator by deducting the real taxes.