In questions 19-24 isn’t the tax rate missing? Or maybe i’m just blind… … I figured it to be 40% through trial and error using Exhibit 1, but shouldn’t it be in the vignette?
^^ bump
check out the Errata
i did …it isn’t there anyway…have emailed them…off to bed…
CEI’s WACC is 8%, if that was what you were looking for. From Schweser errata…
not WACC tax rate… never mind…it’s not a big deal
mumu- you can figure it out- i don’t have that book in front of me but search for me and a post on 3AM test- i want to say nibs walked me through it- you can back into it w/ the info they give you. i asked the same thing…