让同学2021-03-28 13:23:05

练习册上册P134 2011年Q3的D问 我觉得是action2更难以实现目标，因为： The suggested change in spending policy would adversely increases the required spending because the rolling average of last 3-year market value is higher than the current value. The greater asset base for spending makes it harder to achieve the primary goal of maintaining the real value of the endowment. 这样想有什么不对吗😂我记得之前的题目也有类似的考点，rolling spending policy会在market value下降的时候反而增加spending的（比如P100，2016年Q1的D问）