Reading 26 Exhibit 10

CFA Level III Equities
#1

Hi,

With regard to reading 26, exhibit 10, should the label of trading costs be on the increasing curve and tracking error gross of trading costs be on the decreasing curve?

#2

hmm, I don’t see an Exhibit 10 in Reading 26 - Equity Portfolio Management (Introduction)

#3

I’m sorry, reading 27 - under 4.1 Full Replication.

#4

Yea, there was an erratum from the institute.Good catch.

“In Exhibit 10 (page 349 of print), the labels “Tracking Error Gross of Trading Costs” and “Trading Costs” should be switched.”