问题如下图:
这道题中expected return 不应该是在等式的左边吗?无风险收益率(题中看好像是5%)是在等式的右边吧?
NO.PZ2015121810000002 问题如下 Last yethe return on Harry Company stow5 percent. The portion of the return on the stonot explainea two-factor macroeconomic factor mol w3 percent. Using the ta given below, calculate Harry Company stock’s expectereturn. Macroeconomic Factor Mol for Harry Company Stock(备注课后题原题,虽然题目形式是问答题,但是建议不用纠结题目形式,了解题目考查角度即可) In a macroeconomic factor mol, the surprise in a factor equals actuvalue minus expectevalue. For the interest rate factor, the surprise w2 percent; for the G factor, the surprise w–3 percent. The intercept represents expectereturn in this type of mol. The portion of the stock’s return not explainethe factor mol is the mol’s error term.5% = Expectereturn – 1.5(Interest rate surprise) + 2(G surprise) + Error term= Expectereturn – 1.5(2%) + 2(–3%) + 3%= Expectereturn – 6%Rearranging terms, the expectereturn for Harry Company stoequals 5% + 6% = 11%. 老师,请问为什么预期收益=5%+6%呢?怎么理解呀
NO.PZ2015121810000002 同上 不显示
NO.PZ2015121810000002 这个Macroeconomic Factor Mol的两个Factor,不是G Surprise和Inflation Surprise吗?
请问g surprise -3怎么得到的
The portion of the return on the stonot explainea two-factor macroeconomic factor mol w3 percent.请问这句话为什么是error term哈?不是特别理解