C
cjno1
Member
In revision book 4, there are two past paper questions (6 and 13) which have basically exactly the same format:
"Give a generalised formula for a total return index suitable for property performance measurement purposes."
But the solutions give two totally different answers. Answer 6 points to the core reading for an incremental total return index (TRI[t] = TRI[t-1] * . . . ), and answer 13 first defines an arithmetic weighted capital index, then talks about how you would make it into a total return index.
Are they both acceptable answers given how differently they've been approached?
"Give a generalised formula for a total return index suitable for property performance measurement purposes."
But the solutions give two totally different answers. Answer 6 points to the core reading for an incremental total return index (TRI[t] = TRI[t-1] * . . . ), and answer 13 first defines an arithmetic weighted capital index, then talks about how you would make it into a total return index.
Are they both acceptable answers given how differently they've been approached?