Level II Mock test - TCC case (typo?)

CFA Level II Equities
#1

Hi everyone,

On the first mock test, case TCC, for Latino Telecom Data, we have:

Projected dividend payout ratio

80.0%

Later, however, on question 3, the answer has

(1–b) = the projected payout ratio = 0.20

and they use 0.20 as (1-b). Shouldn´t (1-b) be equal to 0.80?

Thanks in advance

#2

just searched for someone that had seen the same issue.

I agree.

It’s disgraceful how many errors there are on these mocks.