PZ2021052002000027
Let’s consider an asset with a 20% standard deviation and a 10% expected arithmetic return. Applying the equation for Rg, this asset has an expected compounded return of 8% (10% – 20%2/2 = 8%)
what happens to the relationship between the arithmetic return and the compounded return when leverage is used?
leverage不是会放大收益和亏损吗，可以解释一下这道题吗
