Fall 2013 #23
About the calculation of the Adjusted Investment Yield, the Invstment Income provided is for year 2011 and 2012. Is it the sum of 2011 and 2012 or we assume that it's 20K for both years, so total of 40K?
From the answer I guess it is 20K for each year, but I wanted to be sure
Comments
It is 20K for each year, so the total for both years would be 40K. In your calculation however, you should only be using 20K