There are no silly questions. There are only silly readings.
---------------------- Forwarded by Meyer Shields/USP/USA/Zurich on 03/19/99
09:34 AM ---------------------------
"Marybeth(u)Waak" <Marybeth_Waak@STPAUL.COM> on 03/19/99 09:29:27 AM
To: studygroup10 <studygroup10@lists.casact.org>
cc: (bcc: Meyer Shields/USP/USA/Zurich)
Subject:
I've got what's probably a silly question from Philbrick. On page 27, he
specifies an EPD of 2%, but then when he calculates the required asset in
the footnote he uses an expected deficit of .3%. How does he get from the
one to the other?