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- 2011-7-2
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- 2016-8-13
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The difference is whether you are Equitizing or Monetizing.
1) If you have cash that needs to be Equitized (to have exposure to the Equity market) then you equation you stated.
2) If you want to want to Monetize (convert to cash) then you use the beta equation and set Bt=0.
Hope that helps. |
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发表于 2011-7-11 20:08
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