strikethree

this can also affect subsequent Q's - eg exam 2004 Q6 if you use the additive you get 8% or 8.16 if geometric. when it comes to selecting the best portfolio for the org there are portfolios that fal within that range so that if you used geometric you would reject a portfolio as not meeting the return requirement.
while that portfolio would supposedly have been rejected anyway fr having too much cash (3% too much??) it is still a little worrying if that is not the case...