GARP.2012.P2.18 (Focus review)

[Thomas Obitz]

Don't believe the answer given by GARP - we would also have to deduct the expected return scaled down to 1 trading day (i.e. divided by either 252 or 365), which brings us down to 23,310...

 

[David Harper CFA FRM]

Hi @Thomas Obitz Yes, I agree (and shared the issue with GARP in 2012 at the time), see https://forum.bionicturtle.com/threads/2012-practice-part-2-18.5908/