Question
11) Please explain in general terms the concept of return on equity compared to holding period returns from CRSP. Why is this concept important in
11) Please explain in general terms the concept of return on equity compared to holding period returns from CRSP. Why is this concept important in the analysis of financial performance? Explain how an increase in financial leverage can increase a companys ROE. What are two factors that limit the usefulness of ratio analysis
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Intermediate Financial Theory
Authors: Jean-Pierre Danthine, John B. Donaldson
2nd Edition
0123693802, 978-0123693808
