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- 2014-7-31
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About (1), Schwerser book 5 P.190 says:” When calculating gross-of-fee return, returns must be reduced by the entire bundled fee that includes direct trading expenses”
So why do we have to deduct bundled fee to come up with Gross-of-fee returns? I think net-of-fee returns would make more sense. |
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发表于 2013-4-1 14:33
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