tubaguy

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tubaguy
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  • Yes, I must have punched in something wrong. I now get 2.34% if I carry the answer from the first line (it's not exactly 0.23). Thanks!
    in Fall 2018 Q25 Comment by tubaguy October 2019
  • A follow-up question... Assuming we ignore the timing issue above, I wonder if the solution for a.ii is calculated incorrectly. Examiner's report: ERD = .05 * (16/1.05^2 – 5 – 5/1.05^0.5) = 0.23 million 0.23/(5 – 5/1.05^0.5) = 2.34% Since…
    in Fall 2018 Q25 Comment by tubaguy October 2019
  • Thanks! I now see where my confusion came from... For F18_Q16 in the examiner's report, the surplus change was calculated as this: ... IEE’s Profit: 106 (=402+187-278-30+227) Cap Gains Tax: -72 FIT: -83 Change in Nonadm Assets: +41 = -(150…
    in Dividends to Stockholders - Surplus Change Comment by tubaguy September 2019