NO.PZ202001210200000403
问题如下:
Using your answer to Part B, calculate the expected annual equity risk premium.
选项:
解释:
Using the results from Part B, the expected equity return is 6.25 percent.
Expected equity return – Current 10-year government bond yield =
Expected equity risk premium
6.25% – 2.3% = 3.95%.
解析:
依据上一题的结果,预期股本回报率为6.25%。
预期股票回报- 10年期政府债券收益率=预期股权风险溢价
6.25% - 2.3% = 3.95%。
expected annual equity return用到了预期通胀率2.3%,在计算equity premium的时候为什么current bond的收益率不包括通胀率2.1%?