By deferring their fees, they've enhanced their returns, thanks to the magic of compounding.
$100 at 9% less $1 fee per annum would end up less than if you paid the full fee at the end of the cycle, because the fee would be earning a return in the meantime.
At least that is how I interpreted it.
- Forums
- ASX - By Stock
- Ann: First Buy-back Offers Made to Acquire MIS Assets-TFC.AX
By deferring their fees, they've enhanced their returns, thanks...
-
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)