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- 2011-7-11
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- 2016-4-19
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Expected asset return 7.40 percent
Average portfolio leverage 40 percent
Repo rate 4.25 percent
Calculate portfolio return
Soln: 7.40%+40/100(7.40%+4.25%)=8.66%
Why have they taken 40/100? Shouldn’t it be 40/60. If our leverage is 40% then equity should be 60% right? |
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发表于 2013-4-19 17:58
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