chiara9009 · 2023年04月26日
NO.PZ2022101402000008
问题如下：
An analyst is estimating a historical ERP for a market based on the following information.
The historical ERP is closest to:
选项：
A.3.15%
6.81%
9.96%
解释：
B is correct.
The ERP using the historical approach is calculated as the mean value of the difference between a broad-based equity market index return and a government debt return. Therefore, the ERP using the historical approach is calculated as 9.96% – 3.15% = 6.81%.
想请问一下老师，C为什么不对？
NO.PZ2022101402000008 问题如下 analyst is estimating a historicERP for a market baseon the following information.The historicERP is closest to: A.3.15% B.6.81% C.9.96% B is correct.The ERP using the historicapproais calculatethe mevalue of the fferenbetween a broabaseequity market inx return ana government return. Therefore, the ERP using the historicapproais calculate9.96% – 3.15% = 6.81%. 历史法的Rf，可选长期也可以选短期，那为啥不是0.96%呢，因为是current，而不是过去“短期”的几何平均？
NO.PZ2022101402000008问题如下 analyst is estimating a historicERP for a market baseon the following information.The historicERP is closest to: A.3.15%B.6.81%C.9.96% B is correct.The ERP using the historicapproais calculatethe mevalue of the fferenbetween a broabaseequity market inx return ana government return. Therefore, the ERP using the historicapproais calculate9.96% – 3.15% = 6.81%. 如果用未来法，公式里最后要减一个Rf，为什么是用0.96%这个值，讲义里没提到要用current yiel
NO.PZ2022101402000008 问题如下 analyst is estimating a historicERP for a market baseon the following information.The historicERP is closest to: A.3.15% B.6.81% C.9.96% B is correct.The ERP using the historicapproais calculatethe mevalue of the fferenbetween a broabaseequity market inx return ana government return. Therefore, the ERP using the historicapproais calculate9.96% – 3.15% = 6.81%. 计算ERP不是用公式 ERP = + lta(P/E) +i +g +lta(S) - rf 吗？代入公式，得到ERP = 4.24%。 为什么这里是两个数直接相减呢？
NO.PZ2022101402000008问题如下 analyst is estimating a historicERP for a market baseon the following information.The historicERP is closest to: A.3.15%B.6.81%C.9.96% B is correct.The ERP using the historicapproais calculatethe mevalue of the fferenbetween a broabaseequity market inx return ana government return. Therefore, the ERP using the historicapproais calculate9.96% – 3.15% = 6.81%. long term geometric average return of short term government bon是什么意思？是根据长期平均收益计算出的短期国债的意思吗？historicERP中的rf有要求是长期的还是短期的吗？
