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maxmeomeo

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tT
发表于 2013-4-22 06:32 | 只看该作者

Liquidity Constraint

Is the liquidity constraint supposed to mention expenditures that will be paid immediately (and thus excluded from the asset base)?
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spreads

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发表于 2013-4-22 06:33 | 只看该作者
It was included with the Ingers.  It was not included on the 2008 exam.

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joemoran

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发表于 2013-4-22 06:32 | 只看该作者
Yes. I think CFAI has done it both ways, but on the 2011 exam they included it. I am going to include it.

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