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Can you explain what this mean per year regarding the profitability premium or theta? Year 2021 2020 2019 2018 2017 Profitability Premium: =(R*T-Ke)+LG 64% 696%
Can you explain what this mean per year regarding the profitability premium or theta?
| Year | 2021 | 2020 | 2019 | 2018 | 2017 |
| Profitability Premium: | |||||
| =(R*T-Ke)+LG | 64% | 696% | 165% | 163% | 399% |
| R*T - ke | 14% | 9% | 11% | 11% | 10% |
| Leverage Gain | 50% | 687% | 154% | 152% | 389% |
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Public Finance
Authors: Harvey Rosen, Ted Gayer
10th Global Edition
007715469X, 978-0077154691
