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Reading 30, return on equity
Not sure if this has been discussed. I have a question on leverage effect in fixed income. vol 4, page 108.
It says “Re=return on equity.”
“Re equals the return on funds invested.”
This look not intuitive to me, and it’s different what’s in schweser, I think.
Can you clarify it? Q29 on 156 uses this concepts. Thanks. |
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