Regarding question 6D:
I don’t understand why there is no change to the return objective. Should it not increase to preserve purchasing power? My justification was correct but I wrote “increase” instead.
So basically the guy starts a foundation with $100MM. Annual contributions are $2MM. Three years later, the company goes bankrupt. Contributions stop.
I don’t understand why there is no change to the return objective. Should it not increase to preserve purchasing power? My justification was correct but I wrote “increase” instead.
So basically the guy starts a foundation with $100MM. Annual contributions are $2MM. Three years later, the company goes bankrupt. Contributions stop.