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So 12.2 percent, now why isn't that the right
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number?
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Why might you think there should be another number?
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What's another number?
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What's the matter with that--way back there?
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Student: It's grossly inflated by that last year's 50
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percent return.
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Well, is it grossly inflated,
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but why is it grossly inflated by that?
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Student: There are going to be lots of years where it
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doesn't do that.
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That's true, but you've taken that into account.