Thanks for the reply- but in the answer (on page 166 of volume 2) they are looking for a minimum return of 7.5% and they say that only portfolios B and C meet this requirement. Hence they are only comparing to the “After-tax expected return”. They are not comparing to the total of return and yield - so am a bit confused.
Thanks,
Manish |
发表于 2013-4-7 05:55
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