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Instead of using the instantaneous relationship , MKMV’s EDF credit measure is produced using a more complex iterative procedure to solve for the asset volatility. The procedure uses an initial guess of the volatility to determine the asset value and to de-lever the equity returns.
请问 de-lever the equity returns是什么意思？谢谢啊！！

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关键词：relationship Volatility Procedure relations iterative 高手

为股本回报“瘦身”

呵呵呵！不知道啊！

股权回报去杠杆化？

4# 德阿卑之尘 我也这么觉得，可是有没有去杠杆化这么一说呢？

2# 白水镇的风 呵呵，怎么瘦身啊？

3# 陈常双 没事，谢谢啊

6# 水之云 就是减少股本回报的意思咯……

8# 白水镇的风
谢谢~~

i was also reading this paper do you know how to do the iteration to get the asset volatility as i got somehow confused in this part...thank you very much