As given in Equation 16.1, the return on bonds will be higher than the return on stocks

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As given in Equation 16.1, the return on bonds will be higher than the return on stocks of comparable risk. [An adjustment to Equation 16.4 must be made to refl ect the greater risk of stocks in the real world.]

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Corporate Finance

ISBN: 9780073105901

8th Edition

Authors: Jeffrey Jaffe, Bradford D Jordan

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