I’m having trouble solving this question. I don’t know where they are getting the market index return of 2.5% from. In the solution it just says 2.1% - 2.5 = -0.4% but dosn’t explain where 2.5% came form WTH!?!?
look at errata.
Ah . . . the old look at the errata ploy.
I vaguely remember looking this up in the errata . They missed printing a column of data o something
there was a column missed which contained this data required…
on the problem page.
Wow thanks so much!!! I took the day off yesterday and just crashed after work. I spent 30 mins trying to derive that number and finally just gave up. Silly me to think that whatever CFAI writes is perfect scripture