It is not relevant.The author is just explaining that the Re found in part 2 ie 7. % is 3.48% greater than the treasury yield…so where does this 3.48% come from.
If you get confused in these, you may focus only on mcqs.Questuons which are not mcqs but are given as illustrations are more taughtative in nature and will contain additional explaination designed to illuminate the nuances of valuation
It is not relevant.The author is just explaining that the Re found in part 2 ie 7. % is 3.48% greater than the treasury yield…so where does this 3.48% come from.
If you get confused in these, you may focus only on mcqs.Questuons which are not mcqs but are given as illustrations are more taughtative in nature and will contain additional explaination designed to illuminate the nuances of valuation