Analyze_This

That’s what I would think/hope, avinand.
And the Schweser “For The Exam” box did say something like “this question is vague, and also tricky because of fixed income and rising expenses”.
I just wanted to make sure there wasn’t some obvious way to do it. I thought about discounting the present value of the fixed expenses, but I don’t know if that’s correct …
I have a feeling there is going to be an IPS question involving some sort of present value/discounting analysis, which always has a tendency to trip me up, so want to have my bases covered!