2013 Mock Exam Morning 58 and Afternoon 49

CFA Level I FRA
#1

Hi all,

Who can explain why Morning question 58 includes investment income to calculate Net Income, however Afternoon question 49 excludes the investment to calculate Net Income?

It is confusing…

Thanks,

Tony

#2

In Morning 58, it is interest income the regular way we have it in income statements.

In afternoon 49, I think by investment they mean an expense, and since total expenses are already given it must be incuded in that.

#3

lol

#4

So

investment income = Interest income

investment = expense

Also, is Div Paid subtracted from NI or is it seperately subtracted as Div Declared? I assume its treated as - Div Declared for question #58