老师能够帮忙梳理一下机构IPS原版书中的这两个表格应该怎么理解呢?(原版书P81)
To demonstrate this point, Exhibit 22 presents the effects on the market value of the institution’s equity capital as a function of (i) declines in underlying asset value,10and (ii) beginning degree of leverage. Asset values can decline for several reasons, such as deterioration in credit quality and/or liquidity of loans or securities held. The value of assets can also be hurt by rising interest rates in the case of fixed-rate loans or securities.