|
- UID
- 223446
- 帖子
- 405
- 主题
- 14
- 注册时间
- 2011-7-11
- 最后登录
- 2014-8-7
|
This is just trying to separate “Portfolio return” into:
(i) the return by just investing your funds; the “return on equity”
(ii) the return on borrowing less the cost of borrowing; the “borrowed component”
(i) + (ii) is the “Portfolio return”
Think attribution. |
|
发表于 2013-4-1 13:42
|