COMPOSITE RETURNS ARE CALCULATED BY ASSET-YESWEIGHTING THE INDIVIDU...

L3 MOCK SAMPLE EXAM CFA LEVEL III GUIDELINE ANSWERS 2006

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4. Composite returns are calculated by asset-Yesweighting the individual portfolio returns using beginning-of-period values No and time-weighted external cash flows. 2006 Level III Guideline Answers Morning Session - Page 23

COMPOSITE RETURNS ARE CALCULATED BY ASSET-YESWEIGHTING THE INDIVIDU...

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