Assuming an annual return of 7.5 percent, what would be the after-tax wealth accumulated in 15 years for a single current contribution to the TDA? Assume the contribution would be deductible but taxed at the end of 15 years at a 20 percent tax rate. €23,671. €23,965. €29,589. (Institute 263) Institute, CFA. 2019 CFA Program Curriculum Level III Volume 2. CFA Institute, 5/2018. VitalBook file. 老师您好！请问此题为什么不和deferred capital gain公式的加回Tcg一样，而是对全部本金加收益征税？为什么不加回T？谢谢！

不太理解这个full price的公式 以及例题里AI的算法

老师您好！ Reading10课后题第2题，portfolio为啥不减去Emergency reserve132500？ 难道这132500不应该是以cash的形式持有吗？所以应该从 portfolio中减掉，对不对？ 为什么答案中不考虑减去reserve呢？ 谢谢！

Reading10课后题第2题答案中的7.4%为啥是名义收益率？而不是实际收益率呢？ 如果这个7.4%（即82500）是名义利率，那同样是anticipated的卖画收入50000也是名义收入？也就是说假设Christa的卖的画不涨价？ 显然这里的82500和50000两种收入都应该指的的是实际收入呀，它们每年都会涨3% 所以我认为应该拿7.4%和4.5%直接比较，不用考虑3%的inflation 是不是？ 谢谢！

老师您好！ reading8课后题第8、10题中都提到市场将“反转”，但是一个是illusion of control，一个是overconfidence，这两个bias 在这个情景下怎么区别？ The certainty she demonstrates that the market will revert is evidence of overconfidence (Institute 104) Institute, CFA. 2019 CFA Program Curriculum Level III Volume 2. CFA Institute, 5/2018. VitalBook file. Jordan is sure that the market will turn around even though it is out of her control. She chooses not to listen to Tang who is questioning her viewpoint. (Institute 104) Institute, CFA. 2019 CFA Program Curriculum Level III Volume 2. CFA Institute, 5/2018. VitalBook file.

investment in exteriors 是什么意思

老师您好！ reading29第12题的答案是错的吧？

老师您好！ reading29课后题第4题答案中提到的公式怎么理解？公式中提到weight 但题干中没有给出weight。 谢谢啦！

老师您好！Reading29第499页中例题中的倒数第四行括号中的0.15%是什么？题目中好像没有提到呀？ 谢谢！

PPT讲义可以哪里打印出来吗？