Working through mocks like crazy. I have a doubt regarding the questions where it says calculate bla, show your calculations:
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Should you quote the original formula as basis for your calculations (CAPM for example with the placeholders, such as R=Rf+beta(ERP)). Or do you get right to the point, plugging in the numbers from the case without showing the basic formulas?
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Do you just show your calculation with the end result underlined or do you add a statement saying “The expected portfolio return is bla percent.”?
Basic questions, but I am trying to cut my answers to the bone to save time on the AM part.
Thanks for your help.
best, nestor