Can somebody explain the calculation part done in the solution, also why are we calculating in terms of USD as the ideal cash which we have is in terms of USD only, also here they are telling that will invest in Brazil, so why ain’t we calculating in terms of BRL?
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Hi Ankit,
hope your preps are going great. Myself along with other mods have been very active in reply to CFA L3 doubts, especially in the last 3 months…I’m sure you’ve seen and will acknowledge the same. Your examinations must be due in a day or two. At this juncture, it is strictly advisable not to go into the minutures by continuing the doubts spree. Instead approach should be to take a macro perspective … look at the curriculum thematically … go through certain important questions from CR which you must’ve highlighted and also, look at the EOC summary.
hence, I am not not going through the doubt and would advise you to ignore the same and not post further doubts. All the best for your L3 exams.