NO.PZ2022122601000071
问题如下：
Rachael Lyon is an analyst at an international investment firm. Using the Singer-Terhaar approach, Lyon estimates the risk premium for equities in the developed country of Edonia using data from Exhibit 1.
Calculate the risk premium for Edonia equities using the Singer-Terhaar approach. Show your calculations.
选项：
解释：
Correct Answer:
The risk premium on the Edonia equities is 6.1%, which is calculated in three steps.
Step 1: Risk premium of Edonia equities under full integration (RPEE, full int)
Step 2: Risk premium of Edonia equities under full segmentation (RPEE, full seg)
Step 3: Risk premium of Edonia equities (RPEE)
where,
RPEE, full int = Risk premium of Edonia equities under full integration (4.2%)
RPEE, full seg = Risk premium of Edonia equities under full segmentation (8.4%)
δ = degree of integration with GIM (given as 0.55)
中文解析：
Edonia股票的风险溢价为6.1%，分三步计算。
步骤1:完全整合下的Edonia股票风险溢价(RPEE, full int)
步骤2:全细分(RPEE，全细分)下东尼亚股票的风险溢价
第三步:Edonia股票的风险溢价(RPEE)
在那里,
印度卢比(RPEE) =完全整合下Edonia股票的风险溢价(4.2%)
RPEE，全分段= Edonia股票在全分段下的风险溢价(8.4%)
δ =与GIM的整合度(设为0.55)
如题，谢谢！
