In Question 3, we computed ROE based on an equity calculation equal to the difference between finance

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In Question 3, we computed ROE based on an equity calculation equal to the difference between finance receivables and debt related to those receivables.
Why might this ROE measurement lead to a result that is too high?
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Valuation Measuring and managing the values of companies

ISBN: ?978-0470424704

5th edition

Authors: Mckinsey, Tim Koller, Marc Goedhart, David Wessel

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