NO.PZ2022101402000009
问题如下:
An analyst is estimating a forward-looking ERP for a market based on the following information:
Using the Grinold-Kroner model, the estimates of the ERP is closet to:
选项:
A.2.16%
B.4.24%
5.18%
解释:
B is correct.
The ERP using the forward-looking approach is calculated as
ERP = {1.8 – 1.2 + (1.9 + 2.7 + 0.0)} – 0.96
ERP = 5.20 – 0.96 = 4.24%.
D1/P是1.8%,题目中的收入组成没看懂。