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R15 : Q14 (CFAI Text, V2, P211)
Kaplan chooses to put $50,000.- in stock with expected return of 7% in the TDA (tax-deferred account) and equty (stock) returns will be raxed entirle as DCG (deferred capital gains). That is, this $50,000.- is both TDA & DCG applicable.
Why the accumulated value after 20 years for this $50,000.- is calculated as TDA rather than DCG applicable ? If calculated as DCG, the accumulated value after 20 years shall be : $50,000 x [(1+0.07)^20x(1-0.2)+0.2]=$164,787 (same as Forest's $50,000.- in Taxable Account).
Anyone can help ? |
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发表于 2011-7-13 16:38
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