A way to look at the annualized equity return is based on this formula: (equity+debt)/market value of equity. The black line shows the annualized stock return that investors earned over the subsequent 10 years.
A way to look at the annualized equity return is based on this formula: (equity+debt)/market value of equity. The black line shows the annualized stock return that investors earned over the subsequent 10 years.
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