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

MiaChen · 2021年05月06日

Historical equity returns=historical 10-year government bond yield + Historical equity risk premium

  1. CFA III
  2. Capital Market Expectations

NO.PZ2018091901000057

问题如下：

An Australian investor currently holds a A$240 million equity portfolio. He is considering rebalancing the portfolio based on an assessment of the risk and return prospects facing the Australian economy. Information relating to the Australian investment markets and the economy has been collected in the following table:

Using the information in the table, calculate the historical Australian equity risk premium by the “equity-vs-bonds” premium method.

选项：

A.

4.6%

B.

2.7%

C.

1.8 %

解释：

C is correct.

The historical equity risk premium is 1.8%, calculated as follows:

Historical equity returns – Historical 10-year government bond yield = Historical equity risk premium

4.6% – 2.8% = 1.8%

解析：

Historical equity returns=historical 10-year government bond yield + Historical equity risk premium，根据此等式，我们就可以反求出Historical equity risk premium= 4.6% – 2.8% = 1.8%注意到题目要求的是历史数据 ， 所以求解此题时都应该用表格第一列的数据 。

请问这个公式在哪里找到？

添加评论
1 个答案
已采纳答案

源_品职助教 · 2021年05月07日

嗨，努力学习的PZer你好：


这只是一个原理，并不是公式，

因为Historical equity risk premium定义就是股票收益高于债券收益的部分。

那我现在用债券收益+Historical equity risk premium，带到的自然就是股票的收益。

----------------------------------------------
加油吧，让我们一起遇见更好的自己！

  • 1

    回答

  • 0

    关注

  • 1072

    浏览
相关问题

NO.PZ2018091901000057 问题如下 Australiinvestor currently hol a A$240 million equity portfolio. He is consiring rebalancing the portfolio baseon assessment of the risk anreturn prospects facing the Australieconomy. Information relating to the Australiinvestment markets anthe economy hbeen collectein the following table: Using the information in the table, calculate the historicAustraliequity risk premium the “equity-vs-bon” premium metho A.4.6% B.2.7% C.1.8 % C is correct.The historicalequity risk premium is 1.8%, calculatefollows:Historicequityreturns – Historic10-yegovernment bonyiel= Historicequity riskpremium4.6% – 2.8% = 1.8% 解析Historicequityreturns=historic10-yegovernment bonyiel+ Historicequity riskpremium，根据此等式，我们就可以反求出Historicequity risk premium= 4.6% – 2.8% = 1.8%注意到题目要求的是历史数据 ， 所以求解此题时都应该用表格第一列的数据 。 如何这题用GK mol去算出equity 然后- bon以吗？

2024-08-10 16:51 1 · 回答

NO.PZ2018091901000057 问题如下 Australiinvestor currently hol a A$240 million equity portfolio. He is consiring rebalancing the portfolio baseon assessment of the risk anreturn prospects facing the Australieconomy. Information relating to the Australiinvestment markets anthe economy hbeen collectein the following table: Using the information in the table, calculate the historicAustraliequity risk premium the “equity-vs-bon” premium metho A.4.6% B.2.7% C.1.8 % C is correct.The historicalequity risk premium is 1.8%, calculatefollows:Historicequityreturns – Historic10-yegovernment bonyiel= Historicequity riskpremium4.6% – 2.8% = 1.8%解析Historicequityreturns=historic10-yegovernment bonyiel+ Historicequity riskpremium，根据此等式，我们就可以反求出Historicequity risk premium= 4.6% – 2.8% = 1.8%注意到题目要求的是历史数据 ， 所以求解此题时都应该用表格第一列的数据 。 请问第一列的数据是否是最后的6%s数据是不是干扰项目

2024-05-29 21:29 1 · 回答

NO.PZ2018091901000057问题如下Australiinvestor currently hol a A$240 million equity portfolio. He is consiring rebalancing the portfolio baseon assessment of the risk anreturn prospects facing the Australieconomy. Information relating to the Australiinvestment markets anthe economy hbeen collectein the following table: Using the information in the table, calculate the historicAustraliequity risk premium the “equity-vs-bon” premium metho A.4.6% B.2.7% C.1.8 % C is correct.The historicalequity risk premium is 1.8%, calculatefollows:Historicequityreturns – Historic10-yegovernment bonyiel= Historicequity riskpremium4.6% – 2.8% = 1.8%解析Historicequityreturns=historic10-yegovernment bonyiel+ Historicequity riskpremium，根据此等式，我们就可以反求出Historicequity risk premium= 4.6% – 2.8% = 1.8%注意到题目要求的是历史数据 ， 所以求解此题时都应该用表格第一列的数据 。 请问考试的时候计算题需要写公式吗？比如ST模型，公式表达还有希腊字母和角标

2024-01-29 09:06 1 · 回答

NO.PZ2018091901000057 问题如下 Australiinvestor currently hol a A$240 million equity portfolio. He is consiring rebalancing the portfolio baseon assessment of the risk anreturn prospects facing the Australieconomy. Information relating to the Australiinvestment markets anthe economy hbeen collectein the following table: Using the information in the table, calculate the historicAustraliequity risk premium the “equity-vs-bon” premium metho A.4.6% B.2.7% C.1.8 % C is correct.The historicalequity risk premium is 1.8%, calculatefollows:Historicequityreturns – Historic10-yegovernment bonyiel= Historicequity riskpremium4.6% – 2.8% = 1.8%解析Historicequityreturns=historic10-yegovernment bonyiel+ Historicequity riskpremium，根据此等式，我们就可以反求出Historicequity risk premium= 4.6% – 2.8% = 1.8%注意到题目要求的是历史数据 ， 所以求解此题时都应该用表格第一列的数据 。 这一题是什么考点？还在考纲里吗

2023-08-19 23:04 1 · 回答

NO.PZ2018091901000057问题如下Australiinvestor currently hol a A$240 million equity portfolio. He is consiring rebalancing the portfolio baseon assessment of the risk anreturn prospects facing the Australieconomy. Information relating to the Australiinvestment markets anthe economy hbeen collectein the following table: Using the information in the table, calculate the historicAustraliequity risk premium the “equity-vs-bon” premium metho A.4.6% B.2.7% C.1.8 % C is correct.The historicalequity risk premium is 1.8%, calculatefollows:Historicequityreturns – Historic10-yegovernment bonyiel= Historicequity riskpremium4.6% – 2.8% = 1.8%解析Historicequityreturns=historic10-yegovernment bonyiel+ Historicequity riskpremium，根据此等式，我们就可以反求出Historicequity risk premium= 4.6% – 2.8% = 1.8%注意到题目要求的是历史数据 ， 所以求解此题时都应该用表格第一列的数据 。 如果是equity versus t-bill则equity premium本身应该是包含term premium吧？题目中如果有term premium，有必要再减去嘛？

2023-05-24 22:43 1 · 回答