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WINWIN8 · 2024年08月07日

老师请问这个题的知识点在讲义哪一页啊？

  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%)。

如题 谢谢

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1 个答案

源_品职助教 · 2024年08月07日

嗨，从没放弃的小努力你好：



是属于基础班讲义P151的用溢价发求解股权的回报率

其中这句话总结了本题的解题思路：The equity-versus-bonds premium reflects an incremental/building block approach to developing expected equity returns

不客气~

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