FMG 0.65% $20.01 fortescue ltd

That's completely flawed. You're comparing the returns from an...

  1. 956 Posts.
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    That's completely flawed.

    You're comparing the returns from an equity position (which has high risk, no not FMG, the entire market) to a cash return that is effectively risk free.

    Stocks typically have 10-12% cost of equity. You can't use a cash like rate on a stock.
 
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