为什么不选A？

NO.PZ2022122801000008 问题如下 A few months later, Carsonreceives a phone call from Hamih. She’s now on the boarof trustees of ArticFountion for MecResear(AFMR). AFMR westablisheto support variousmecresearinitiatives. She is very exciteanasks Carson to helpintify the return objective of AFMR’s portfolio. Osaka notes the following:• AFMR’s overallinvestment objective is to maintain its portfolio’s repurchasing power afterstributions.• The risk-freerate is 4.0%.• expectenflation rate is 3.5%.• The portfolio’sstanrviation is 15.0%.• The cost ofearnings investment returns is 50 bp.• AFMR targets a5.5% annustribution of assets.AFMR’s returnobjective is closest to: (2020 moPM) 9.50% 9.74% 10.27% The calculation is (1.055) (1.035) (1.005) – 1 = 9.74%.AFMR’s assets shoulinvestewith the objective of earning a nominaverage annureturn of 9.74%. This level reflects a spenng rate of 5.5%, expecteinflation rate of 3.5% ana 50 cost of earning investment returns. 请问老师，这道题会涉及geometric return v.s arithmetic return 的考点吗？geometric return v.s arithmetic return 的知识点是哪个章节的哪个mole的呢？想不起来了，一下子没有找到~

NO.PZ2022122801000008 问题如下 A few months later, Carsonreceives a phone call from Hamih. She’s now on the boarof trustees of ArticFountion for MecResear(AFMR). AFMR westablisheto support variousmecresearinitiatives. She is very exciteanasks Carson to helpintify the return objective of AFMR’s portfolio. Osaka notes the following:• AFMR’s overallinvestment objective is to maintain its portfolio’s repurchasing power afterstributions.• The risk-freerate is 4.0%.• expectenflation rate is 3.5%.• The portfolio’sstanrviation is 15.0%.• The cost ofearnings investment returns is 50 bp.• AFMR targets a5.5% annustribution of assets.AFMR’s returnobjective is closest to: (2020 moPM) 9.50% 9.74% 10.27% The calculation is (1.055) (1.035) (1.005) – 1 = 9.74%.AFMR’s assets shoulinvestewith the objective of earning a nominaverage annureturn of 9.74%. This level reflects a spenng rate of 5.5%, expecteinflation rate of 3.5% ana 50 cost of earning investment returns. 老师，还是想请问一下这个题考的是哪一个知识点，感觉从来都没有见过

NO.PZ2022122801000008问题如下 A few months later, Carsonreceives a phone call from Hamih. She’s now on the boarof trustees of ArticFountion for MecResear(AFMR). AFMR westablisheto support variousmecresearinitiatives. She is very exciteanasks Carson to helpintify the return objective of AFMR’s portfolio. Osaka notes the following:• AFMR’s overallinvestment objective is to maintain its portfolio’s repurchasing power afterstributions.• The risk-freerate is 4.0%.• expectenflation rate is 3.5%.• The portfolio’sstanrviation is 15.0%.• The cost ofearnings investment returns is 50 bp.• AFMR targets a5.5% annustribution of assets.AFMR’s returnobjective is closest to: (2020 moPM) 9.50%9.74%10.27% The calculation is (1.055) (1.035) (1.005) – 1 = 9.74%.AFMR’s assets shoulinvestewith the objective of earning a nominaverage annureturn of 9.74%. This level reflects a spenng rate of 5.5%, expecteinflation rate of 3.5% ana 50 cost of earning investment returns. 请问这是哪里的知识点 用相乘不同相加？这道题为什么不用builng blocks 直接全部相加？

NO.PZ2022122801000008问题如下 A few months later, Carsonreceives a phone call from Hamih. She’s now on the boarof trustees of ArticFountion for MecResear(AFMR). AFMR westablisheto support variousmecresearinitiatives. She is very exciteanasks Carson to helpintify the return objective of AFMR’s portfolio. Osaka notes the following:• AFMR’s overallinvestment objective is to maintain its portfolio’s repurchasing power afterstributions.• The risk-freerate is 4.0%.• expectenflation rate is 3.5%.• The portfolio’sstanrviation is 15.0%.• The cost ofearnings investment returns is 50 bp.• AFMR targets a5.5% annustribution of assets.AFMR’s returnobjective is closest to: (2020 moPM) 9.50%9.74%10.27% The calculation is (1.055) (1.035) (1.005) – 1 = 9.74%.AFMR’s assets shoulinvestewith the objective of earning a nominaverage annureturn of 9.74%. This level reflects a spenng rate of 5.5%, expecteinflation rate of 3.5% ana 50 cost of earning investment returns. 为什么不直接相加计算呢？

NO.PZ2022122801000008 问题如下 A few months later, Carsonreceives a phone call from Hamih. She’s now on the boarof trustees of ArticFountion for MecResear(AFMR). AFMR westablisheto support variousmecresearinitiatives. She is very exciteanasks Carson to helpintify the return objective of AFMR’s portfolio. Osaka notes the following:• AFMR’s overallinvestment objective is to maintain its portfolio’s repurchasing power afterstributions.• The risk-freerate is 4.0%.• expectenflation rate is 3.5%.• The portfolio’sstanrviation is 15.0%.• The cost ofearnings investment returns is 50 bp.• AFMR targets a5.5% annustribution of assets.AFMR’s returnobjective is closest to: (2020 moPM) 9.50% 9.74% 10.27% The calculation is (1.055) (1.035) (1.005) – 1 = 9.74%.AFMR’s assets shoulinvestewith the objective of earning a nominaverage annureturn of 9.74%. This level reflects a spenng rate of 5.5%, expecteinflation rate of 3.5% ana 50 cost of earning investment returns. MCTR和ACTR分别是什么，需要掌握的公式有哪些？