NO.PZ2018103102000004
问题如下：
Jacques decides to use GGM to calculate a forward looking equity risk premium for the US equity market using data on the S&P 500 index. Based on below table, the forward-looking estimate for the US equity risk premium is closest to:
选项：
A.2.2%
B.3.6%
C.1.8%
解释：
C is correct.
考点：Equity risk premium
解析: C是正确的。根据表中的数据,使用GGM的公式计算前瞻性的股票风险溢价为: D1/P+g-Rf = 1.4% + 3.0% - 2.6% = 1.8%。
根据ERP=D1/P+g-Rf 的公式，我可否理解为：因为ERP=Rm-Rf，同时Rm=Capital gain+Dividend yield，所以Rm可以=g+Dividend yield？
