Mark Hake
Nov 23, 2021

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Thanks for catching that. That was a printing mistake - should be 1.3% (i.e., 1.013, not 1.03). The numbers are: (1.059x1.013x1.013x1.013)-1=10.08%. I made the change in the article already. Thanks for catching that.

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Mark Hake
Mark Hake

Written by Mark Hake

CFA, MBA, and former hedge fund manager and investment research firm owner. Email me at mrhake@gmail.com if you have writing/research projects.

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