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傅佳丽Diana · 2020年01月12日

问一道题:NO.PZ2018103102000019

问题如下:

Country Y’S long-term inflation forecast at a rate of 4.5 percent per year. The forward dividend yield on the index is 1.5 percent. Currently, the 10-year government bond yield is 6 percent. Earnings in the public corporate sector are expected to grow at a 6.5percent per year. Consistent with that, the market P/E ratio is expected to grow at 2 percent per year. Based on the given information, the equity risk premium is calculated by using supply side estimate is closest to:

选项:

A.

5.4 percent.

B.

6.0 percent.

C.

9.0 percent.

解释:

C is correct.

考点:Equity risk premium

解析:C是正确的。根据supply side模型,股权风险溢价等于= {[(1 + EINFL)(1 + EGREPS)(1 + EGPE) − 1.0] + EINC}−Expected risk-free return

EINFL = 4.5% per year

EGREPS = 6.5 percent per year

EGPE = 2 percent per year

EINC = 1.5 percent per year

RF= 6 percent per year

带入公式, 我们可以得到:{[(1.045)(1.065)(1.02) − 1.0] + 0.015} − 0.06 = 0.09 = 9 percent.

请问这一类型系列的公示怎么记住?好像有点乱脑子里

1 个答案

maggie_品职助教 · 2020年01月14日

嗨,从没放弃的小努力你好:


我看你报的是全线班,李老师在基础课上讲解了记忆方法的,建议去听一下。


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努力的时光都是限量版,加油!