Blended Tax environment

CFA Level III
#1

Do we really need to know this annoyingly long formula???

please say no

#2

ok. no for your benefit.

#3

too late just memorised it

[(1+r*)^n(1-T*)+T*-(1-B)tcg]

where r*=(1-piti-pdtd-pcgtcg)

where T*=tcg(1-pi-pd-pcg)/(1-piti-pdtd-pcgtcg)

…hope this is right

#4

maybe easier as T* = TCG * (1-Sum§) / (1-SUM(P*T))

#5

right… thx cpk