Q43 of DCF PG NO. 61 in this question TWRO solution
51000/50000*60000/61000*33000/30000
= 1.02*0.9836*1.1
= 1.1036-1*100
=10.4%
My question is when we get 1.1036 why we not done (1.1036)⅓-1*100
In all questions we done but not In this example and why we square root ??
its bcz we have to find return of one year from the data of one year while in previous questions we have to find twror of one yr from multiple years