[CFA III][Portfolio Management for Investors]
CFA 3 2017 MOCK MORNING Q24
Risk tolerance
of the Hoven University is low to moderate, not high, because the endowment contribution represents 25% of the university’s operating budget.
答案如上，
在知识框架里讲到
Heavy reliance upon donations ,10% or more会导致low risk tolerance
那endowment contribution represents X of operating budget会导致low risk tolerance
知识框架里没说
这里可以认为X=10%吗
