last question in practice exam 3

Has anyonenoticed that , I chose b (8.35%) which they graded correct however the guidline answer has a different unmber (6.35%). Which one is correct then?

forgot to metion this CFAI PE 3

8.35% is correct, if i remember correctly in the solution they are subtracting the change in outstanding shares to calculate the Grinold-Kroner p/e whereas it has to be added because in the question its was a negative number.

the repricing term is dividend yield - change in share outstanding. the given data is share outstanding deline by 1% so it became something - (-1) which gives you 8.35% the same question appeared again in mock exam as well.