开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)｜3.2.5(安卓)APP下载

返回

考拉 · 2023年12月23日

哪里可以直接判断这就是给EQUITY 计算return 了呢

  1. CFA III
  2. Capital Market Expectations

NO.PZ2022122601000063

问题如下：

Minglu Li is an analyst for REDD and specializes in the consumer credit industry. Last year (2012), Li and her team gathered data to determine the expected return for the industry, shown in Exhibit 1.


After considering a number of approaches, Li and her team decided to use the bond-yield-plus-risk-premium method. Based on Exhibit 1 and the method used by Li's team, the expected return for the consumer credit industry in 2012 was closest to:

选项：

A.12.4% B.12.2% C.12.8%

解释：

Correct Answer: B

The bond-yield-plus-risk-premium method sets the expected return to the yield to maturity on along-term government bond plus the equity risk premium (12.2% = 3.8% + 8.4%).

中文解析：

债券收益+风险溢价法是指长期政府债券到期时的预期收益率加上股票风险溢价(12.2% = 3.8% + 8.4%)。

 题目求expected return for the consumer credit industry，但是并没明确这个收益率是给EQUITY或BOND算的，哪里可以直接判断这就是给EQUITY 计算了呢

添加评论
1 个答案
已采纳答案

源_品职助教 · 2023年12月25日

嗨，从没放弃的小努力你好：


题干有说用“bond-yield-plus-risk-premium”的方法，这个方法本身就是在债券收益基础上，去加上股票高于债券的溢价，所以本题是求计算股权的收益

----------------------------------------------
就算太阳没有迎着我们而来，我们正在朝着它而去，加油！

  • 1

    回答

  • 1

    关注

  • 266

    浏览
相关问题

NO.PZ2022122601000063 问题如下 Minglu Li is analyst for RE anspecializes in the consumercret instry. Last ye(2012), Li anher tegathereta to termine theexpectereturn for the instry, shown in Exhibit 1.After consiringa number of approaches, Li anher tecito use the bonyielplus-risk-premiummetho Baseon Exhibit 1 anthe methouseLi's team, the expecteeturn for the consumer cret instry in 2012 wclosest to: A.12.4% B.12.2% C.12.8% CorreAnswer: BThebonyielplus-risk-premium methosets the expectereturn to the yieltomaturity on along-term government bonplus the equity risk premium (12.2% =3.8% + 8.4%). 中文解析债券收益+风险溢价法是指长期政府债券到期时的预期收益率加上股票风险溢价(12.2% = 3.8% + 8.4%)。 如题 谢谢

2024-08-07 01:14 1 · 回答

NO.PZ2022122601000063 问题如下 Minglu Li is analyst for RE anspecializes in the consumercret instry. Last ye(2012), Li anher tegathereta to termine theexpectereturn for the instry, shown in Exhibit 1.After consiringa number of approaches, Li anher tecito use the bonyielplus-risk-premiummetho Baseon Exhibit 1 anthe methouseLi's team, the expecteeturn for the consumer cret instry in 2012 wclosest to: A.12.4% B.12.2% C.12.8% CorreAnswer: BThebonyielplus-risk-premium methosets the expectereturn to the yieltomaturity on along-term government bonplus the equity risk premium (12.2% =3.8% + 8.4%). 中文解析债券收益+风险溢价法是指长期政府债券到期时的预期收益率加上股票风险溢价(12.2% = 3.8% + 8.4%)。 问个细节这里的longterm rate = 2.3什么情况下用的到呢？

2024-01-27 18:11 1 · 回答

NO.PZ2022122601000063问题如下 Minglu Li is analyst for RE anspecializes in the consumercret instry. Last ye(2012), Li anher tegathereta to termine theexpectereturn for the instry, shown in Exhibit 1.After consiringa number of approaches, Li anher tecito use the bonyielplus-risk-premiummetho Baseon Exhibit 1 anthe methouseLi's team, the expecteeturn for the consumer cret instry in 2012 wclosest to: A.12.4%B.12.2%C.12.8% CorreAnswer: BThebonyielplus-risk-premium methosets the expectereturn to the yieltomaturity on along-term government bonplus the equity risk premium (12.2% =3.8% + 8.4%). 中文解析债券收益+风险溢价法是指长期政府债券到期时的预期收益率加上股票风险溢价(12.2% = 3.8% + 8.4%)。 是有什么条件下会用作benchmark 还是根本不可能呢

2024-01-15 13:05 1 · 回答

NO.PZ2022122601000063问题如下 Minglu Li is analyst for RE anspecializes in the consumercret instry. Last ye(2012), Li anher tegathereta to termine theexpectereturn for the instry, shown in Exhibit 1.After consiringa number of approaches, Li anher tecito use the bonyielplus-risk-premiummetho Baseon Exhibit 1 anthe methouseLi's team, the expecteeturn for the consumer cret instry in 2012 wclosest to: A.12.4%B.12.2%C.12.8% CorreAnswer: BThebonyielplus-risk-premium methosets the expectereturn to the yieltomaturity on along-term government bonplus the equity risk premium (12.2% =3.8% + 8.4%). 中文解析债券收益+风险溢价法是指长期政府债券到期时的预期收益率加上股票风险溢价(12.2% = 3.8% + 8.4%)。 公司债rate+除了equity premium以外的溢价风险是不是也能行？感觉应该有好几种算法，考试的时候不知道一会不会纠结就选了错误的数字计算

2023-12-18 07:42 1 · 回答