No.PZ2018091901000058 (选择题)
来源: 真题
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 expected annual equity return using the Grinold–Kroner model (assume no change in the number of shares outstanding).
为什么这道题最后算完不用再加上Rf，什么情况下是需要加上Rf的呢？
