Unleveraged required return

Unleveraged required return

The required return on an investment when the investment is financed entirely by equity (i.e., no debt).
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Unleveraged Required Return

The required return on an investment that one makes using only cash or equity and no debt.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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If the unleveraged required return is less than the interest on the debt, then the debt-adjusted required return is adjusted upward by a function of the percentage of debt and the difference between the debt interest rate and the unleveraged required return.