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Thatcher's selling spree was predominantly of equity stakes in previously nationalised industries.
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The pool of unused credit — predominantly home equity lines of borrowing, bank loans and credit cards — was still growing at nearly 15percentt annually as recently as the fall of 2006.
But what about its cost of equity?
The fourth came out of equity trading.
There's no offer of equity.
Cost of equity: 15%.
People are terrified of equity.
What explains this massive reabsorption of equity?
Clements got a sliver of equity.
And perhaps a bit of equity.
That 44% is your cost of equity.
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