SFM MAY 2011 QUERY...??

Kunal (Risk Analyst) (299 Points)

09 May 2011  

Hi Friends...

I have given MAY-2011 Final Exam.

In Qstn 4 of SFM FINAL (MAY-2011) I have taken dividened to be D(o).

But in practice manual its taken D(1) for calculation of K(e).

and in next parts its assumed as D(0)

 

 

Wats the correct solution?

Can we take the either assumption??