eoin

Hint: economic P.E. is same as normal P.E., except for making “economic” changes:
1) We don’t believe in expected stuff, only ACTUAL return.
2) Don’t deduct amortizations of large plan changes just to show a small P.E… that’s almost like cheating (but U.S. GAAP allows for it). Deduct the real thing, the ACTUAL cost of those those changes.