What this is
Tests 's only structural assumption (wholesale = 50% of retail).
Where it comes from
Our calculation from other figures in the trainer’s notes:
Show the working
- rate × w × 15.7 × 149.57, rate ∈ {16.1%, 17.4%}, w ∈ {0.4, 0.5, 0.6}
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Record
Royalty yield sensitivity to wholesale retail ratio, 2025 LG
2025 LG
EstimateOur model or estimate. Treat it as an order of magnitude.