General Growth Question question, afternoon, difference, double, 2010

AndyNZ

Can someone tell me why, in question 49 of the CFA afternoon mock, the answer used end of year 2010 equity for for calculating ROE as opposed to end of year 2009? It makes a huge difference in the calculation of growth, 8.11% vs 7.5%. It seems wrong to use end of year 2010 equity with 2010 NI. It's like you're double dipping and it's driving me crazy.

bdavi77962

errata. search forum in future pls before starting a 6th thread on this subject.

comp_sci_kid

I did do a search, twice. But thanks for the response. The Mock exam this year was crap!