IPS - Most of the questions are not specified whether living exp is after-tax or pre-tax, is the living exp is assumed to be after-tax?
If no specified, after-tax.
Before-tax will be specified in the question, CFA 2007 AM Q1.
thx all~~~
IPS - Most of the questions are not specified whether living exp is after-tax or pre-tax, is the living exp is assumed to be after-tax?
If no specified, after-tax.
Before-tax will be specified in the question, CFA 2007 AM Q1.
thx all~~~