RBC 0
Hello, should the formula for R0 preferred stock be reworded or am I misunderstanding how the word value is being used? See attached.
It looks like you're new here. If you want to get involved, click one of these buttons!
Hello, should the formula for R0 preferred stock be reworded or am I misunderstanding how the word value is being used? See attached.
Comments
The parts you circled are coherent. Reporting entity's ownership of affiliate's preferred stock is 50%. So, we take 50% of 100,000.