2. Explain why the return on an asset that does not pay a cash distribution over the...

Question:

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.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Foundations Of Global Financial Markets And Institutions

ISBN: 9780262039543

5th Edition

Authors: Frank J. Fabozzi, Frank J. Jones, Francesco A. Fabozzi, Steven V. Mann

Question Posted: