Reading 48 CFAI question 27

regarding, question, adjusted

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?

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EastCoastJ

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发表于 2013-4-10 22:51 | 只看该作者

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.

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