标题: [CFA Level 3] cfa level 3 关于after realized taxes and deferred capital gain [打印本页]

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作者: leoye3602679    时间: 2014-5-19 17:28     标题: cfa level 3 关于after realized taxes and deferred capital gain

第一本Note 289页关于Return after realized taxes and deffered capital gain的例题：










FVIF=【(1+Return after realized tax)^n(1-effective tax rate)+Effective tax rate]-(1-B)*effective tax rate

我不太明白计算完了税后收益后，为什么还要加上一个effective tax rate (公式黑体）, 非常感谢。

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http://forum.theanalystspace.com/attachment.php?aid=54268&k=984e081c3eca87360c5ccc6361b20169&t=1739718460&sid=CV18Kt

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