标题: 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 17:29     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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作者: cfaadmin    时间: 2014-5-25 12:43

请把题目录入完整，谢谢！

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作者: cpaking23    时间: 2014-6-4 20:21

Because the cost basis is not zero in this case

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