became a pioneer in the field of quantitative investing when he invented the first Expected Return
Factor Model, capitalizing on natural inefficiencies in the market.
In January, the bank issued its first capital-protected car manufacturers note, with an expected return
of up to 8 per cent.
In January, the bank's first capital-protected car manufacturers note, offered an expected return
of up to eight per cent.
Modigliani and Miller (1958) define the cost of capital in two ways: 1) the expected return
on overall business value and 2) the return threshold for net value creation with incremental investment.
The study provides the first comprehensive analysis of the effects of liquidity and information risks on expected returns
Second, as shown by several authors (see, for instance, Taggart, 1991 or Arzac and Glosten 2005), the expected return
on the tax shield is equal to the cost of capital of the unlevered firm for a leverage policy with continuous rebalancing of the level of debt to maintain a fixed leverage ratio.
As an example, some CFOs today might not be willing to shift their asset allocation to a more conservative mix, primarily because they don't want to reduce their FAS 87 Expected Return
on Assets assumption.
Is our capital structure best suited to maximize our expected return
Dubbed "double bottom line" funds because social and environmental benefits, not just economic gain, are prominent features of the expected return
, smart growth private equity has enticed corporations--once wary of such investments for fear of being branded as slumlords--with superior rate returns and tax incentives.
Thus, it is not sufficient to consider only the expected return
from an investment (tax position), but also the relative risk of that investment.
If a manager's or a fund's expected return
potential is significantly greater than the competition but suffers from a low tax-efficiency ratio, consider using this manager or fund inside the tax-deferred portion of the portfolio.
The discount rate is commonly called the expected return
because it is the return the investor earns if the income stream is realized as expected.