问一道题：NO.PZ2020012201000007

NO.PZ2020012201000007问题如下Alena,CFwupting her firm’s projections for US equity returns.If she believethin the long run ththe US labor input woulgrow 0.9% perannum anlabor proctivity 1.5%, thinflation woul2.1%, ththe vinyielwoul2.25%, anththere woulno further growth in P/E, whis likely to have been her baseline projection for continuously compounlong-term US equity returns?6.75% B.5.5%C.5.85% A is correct在长期，一国股票市场的CAPITAPPRECIATION的增长率等于该国G的增长率(本题P/E增长率为0也证实了这一点)。那么本题CAPITAPPRECIATION就等于计算该国G的增长率。此后再加上股息增长率就可以得到股权市场的增长率。Her baseline projection is likely to have been 6.75% = 0.9% + 1.5% + 2.1% + 2.25%依照公式可得. 6.75% = 0.9% + 1.5% + 2.1% + 2.25% rt 这道题用到的是哪个公式，可不可以用公式的写出计算过程，是哪个知识点

NO.PZ2020012201000007 问题如下 Alena,CFwupting her firm’s projections for US equity returns.If she believethin the long run ththe US labor input woulgrow 0.9% perannum anlabor proctivity 1.5%, thinflation woul2.1%, ththe vinyielwoul2.25%, anththere woulno further growth in P/E, whis likely to have been her baseline projection for continuously compounlong-term US equity returns? 6.75% B.5.5% C.5.85% A is correct在长期，一国股票市场的CAPITAPPRECIATION的增长率等于该国G的增长率(本题P/E增长率为0也证实了这一点)。那么本题CAPITAPPRECIATION就等于计算该国G的增长率。此后再加上股息增长率就可以得到股权市场的增长率。Her baseline projection is likely to have been 6.75% = 0.9% + 1.5% + 2.1% + 2.25%依照公式可得. 6.75% = 0.9% + 1.5% + 2.1% + 2.25% 请问这里continuously compounlong-term US equity returns中的continuously compoun现在哪里？和直接问long-term US equity returns的求解思路有没有差别？

解析错误 该题不仅仅计算了该国G的长期增长率，还需要计算v.yile股票市场收益率不止 capitappreciation, 还有v.增长率，所以加了一个2.25%

NO.PZ2020012201000007 问题如下 Alena,CFwupting her firm’s projections for US equity returns.If she believethin the long run ththe US labor input woulgrow 0.9% perannum anlabor proctivity 1.5%, thinflation woul2.1%, ththe vinyielwoul2.25%, anththere woulno further growth in P/E, whis likely to have been her baseline projection for continuously compounlong-term US equity returns? 6.75% B.5.5% C.5.85% A is correct在长期，一国股票市场的增长率等于该国G的增长率(本题P/E增长率为0也证实了这一点)。那么本题就等于计算该国G的增长率。Her baseline projection is likely to have been 6.75% = 0.9% + 1.5% + 2.1% + 2.25%依照公式可得. 6.75% = 0.9% + 1.5% + 2.1% + 2.25% rt

NO.PZ2020012201000007 问题如下 Alena,CFwupting her firm’s projections for US equity returns.If she believethin the long run ththe US labor input woulgrow 0.9% perannum anlabor proctivity 1.5%, thinflation woul2.1%, ththe vinyielwoul2.25%, anththere woulno further growth in P/E, whis likely to have been her baseline projection for continuously compounlong-term US equity returns? 6.75% B.5.5% C.5.85% A is correct在长期，一国股票市场的增长率等于该国G的增长率(本题P/E增长率为0也证实了这一点)。那么本题就等于计算该国G的增长率。Her baseline projection is likely to have been 6.75% = 0.9% + 1.5% + 2.1% + 2.25%依照公式可得. 6.75% = 0.9% + 1.5% + 2.1% + 2.25% 老师好，我记得二级好像讲过一个关于股票市场是抗通胀的还是不抗通胀的知识点？我也想问一下用G增长率计算股票增长率的时候如何考虑inflation rate呢？