dude what do you mean?when is there a case where you add inflation and tax???you just calculate after tax or pre tax by dividing by 1-tax.....i dont think you ever add them together
add them. That is the way CFAI does it. The only multiplicative part is the calculation of required return for endowments and foundations when you combine fees and inflation..
发表于 2011-7-11 20:09
|