The reading mentions “looking through” the asset as if it was fully paid , in effect de-leveraging the asset. Does this mean we just ignore the leveraging impact for the purpose of return calculations ? Anyone ?
It puzzled me too.
The reading mentions “looking through” the asset as if it was fully paid , in effect de-leveraging the asset. Does this mean we just ignore the leveraging impact for the purpose of return calculations ? Anyone ?
It puzzled me too.