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- 2011-7-11
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- 2014-8-2
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Paying Over Book Value makes Book Value rise.
That's because the denominator ( shares ) is worth more to extinguish than to hold.
Drop in denominator is higher than drop in numerator ( Book value drop owing to repurchase). So the BVPS rises |
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发表于 2011-7-13 15:46
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