2. Explain why the return on an asset that does not pay a cash distribution over the...
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2. Explain why the return on an asset that does not pay a cash distribution over the time interval it is held is equal to the ratio of its selling price to its purchase price, then subtracting 1 from the computed ratio.
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Related Book For
Foundations Of Global Financial Markets And Institutions
ISBN: 9780262039543
5th Edition
Authors: Frank J. Fabozzi, Frank J. Jones, Francesco A. Fabozzi, Steven V. Mann
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