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- 2011-7-2
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- 2014-10-14
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12#
发表于 2011-7-11 20:09
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deriv108 Wrote:
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> Tax on inflation or inflation on tax, either way
> will work on exam, correct?
>
> It seems CFAI has changed the way to answer those
> questions. I believe one way is more
> conservative(ending with a higher required return)
> than the other.
>
> With 95% confident interval, I have got a
> mismatched required return with the answer. In
> other words, my expected return from the first 4
> points(RR) is 0...need to make up from other
> place.
All this in real practice is done through simulation. Makes no sense to still do return requirements like this. |
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