MUST DISCLOSE WHETHER TOTAL RETURN IS CALCULATED NET OR GROSS OF FE...

1. - L3 MOCK SAMPLE EXAM CFA LEVEL III GUIDELINE ANSWERS 2005
L3 MOCK SAMPLE EXAM CFA LEVEL III GUIDELINE ANSWERS 2005

1. Must disclose whether total return is calculated net or gross of fees.

OR

Restating the column heading “Total Return % Gross or Net of Fees”.