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GRY 2011 Jun Q3

This topic has 1 reply, 2 voices, and was last updated 10 years ago by John Moffat.

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November 24, 2014 at 1:58 pm #212668
takeshi
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Hi,sir!i am wondering the calculation of GRY?
GRY=4+(1089.01-1079.68)/(1089.01-1043.27)
Thx!
November 24, 2014 at 7:24 pm #212822
John Moffat
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They are effectively calculating the IRR. They have guessed at 4% and at 5% and then they are apportioning between the two to see which gives an PV of 1079.68 (the MV).
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