NO.PZ201512300100000305
问题如下：
5. Common stock issues in the above market with average systematic risk are most likely to have required rates of return:
选项：
A.between 2 percent and 7 percent.
B.between 7 and 9 percent.
C.9 percent or greater.
解释：
C is correct.
Based on a long-term government bond yield of 7 percent, a beta of 1, and any of the risk premium estimates that can be calculatedfrom the givens (e.g., a 2 percent historical risk premium estimate or 4.3 percent supply side equity risk premium estimate), the required rate ofreturn would be at least 9 percent. Based on using a short-term rate of 9 percent, C is the correct choice.
at the short-end, yields are 9 percent and at 10-year maturities, yields are 7 percent.
The geometric mean return relative to 10-year government bond returns over 10years is 2 percent per year.
这两句话是不是前后矛盾啊？还是说我理解错了
