Solve for the intangible asset? The excess earnings are solved without multiplying the growth rate vs. the book example which has the growth rate… anybody else come across this? Confused again…
also the same applies to question #15 pg 683…
I just got done checking the errata for CFAI and they make the correction to match the text. Increase the amount for the year ahead
Hey Stretch. I had the same question in regards to this. E-mail me if you can: harvey.chan214@gmail.com