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YaYa · 2020年01月02日

问一道题:NO.PZ2015121801000137

问题如下:

An analyst observes the following historic geometric returns:

The risk premium for equities is closest to:

选项:

A.

5.4%.

B.

5.5%.

C.

5.6%.

解释:

A is correct. (1 + 0.080)/(1 + 0.0250) – 1 = 5.4%

所以以后是除以无风险利率,还是除以通货膨胀

1 个答案

星星_品职助教 · 2020年01月02日

同学你好,

公式是(1+nominal rate)=(1+nominal risk-free rate)*(1+risk premium)=(1+real risk-free rate)*(1+inflation)*(1+risk premium)。从这道题而言,直接用nominal

rate除以(1+nominal risk-free rate)就可以算出risk premium。(Treasury bills的利率就是nominal risk-free rate),加油

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