Edited 1 time(s). Last edit at Monday, June 7, 2010 at 06:45PM by roumancesoiree.作者: Uranus08 时间: 2011-7-13 16:58
I heard from a little birdie that it generally will do something to the cost of capital but dont quote me on this.作者: KungFuPanda 时间: 2011-7-13 16:58
so every year a fund cash sweeps its required return of equity declines?作者: chandsingh 时间: 2011-7-13 16:58
wake2000 Wrote:
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> I heard from a little birdie that it generally
> will do something to the cost of capital but dont
> quote me on this.
Generally speaking, it means excess cash goes to payoff debt, lowering the riskyness of equity.作者: economicz 时间: 2011-7-13 16:58
100% agreed作者: xilige 时间: 2011-7-13 16:58
Yihaaaaaa, from what I read on the forum, I have at least 2/120...already a good start!
But why did they ask about excess earning and direct income approach...作者: tobeornottobe 时间: 2011-7-13 16:58
I don't really remember this question much, but I picked the MC answer that had the word equity in it... was that right?
