1% PLUS 2-TIMES-9-MINUS-2-TIMES-1%.
Usually we see that in parentheses, but the strange "formula" above shows the order of the operations. Take 1% and hold that thought. Take two times nine (18) minus two times one (2) to get 16. Add 1 plus 16, and Krispy Kreme (KKD) common stock has an expected return of 17%. Pass your exam!