Question: Abnormal earnings are the same than the expected returns. net income adjusted for a capital charge computed as the beginning book value of equity divided

Abnormal earnings are the same than the expected returns. net income adjusted for a capital charge computed as the beginning book value of equity divided by the discount rate. O net income adjusted for the beginning book value of equity. net income adjusted for a capital charge computed as the discount rate multiplied by the beginning book value of equity

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