The risk premium is ( ) A. the interest rate on municipal bonds minus the interest rate on treasury bonds. B. the interest rate on treasury bonds minus the interest rate on default-free bonds C. the interest rate on corporate bonds minus the interest rate on treasury bonds. D. the ...
答案解析: The equity risk premium reflects the return in excess of the risk-free rate that investors require for holding stocks. It is derived by subtracting the risk-free return from the required return. 统计:共计16人答过,平均正确率43.75% 问题:进入高顿部落发帖帮助...
–The risk premium for the market factor links the average returns on stocks and T-bills 市场因子的风险溢价将股票和票据的平均收益率联系起来。 2)Bonds –The mimicking portfolios for the two term-structure factors, term-premium and default-premium, capture most of the variation in the returns ...
Define Risk premium. Risk premium synonyms, Risk premium pronunciation, Risk premium translation, English dictionary definition of Risk premium. n. 1. The possibility of suffering harm or loss; danger. 2. A factor, thing, element, or course involving unc
The market risk premium is the expected difference between the return on the market and the project return. A.错误 B.正确 点击查看答案进入小程序搜题 你可能喜欢 大多数合金元素都能不同程度地阻碍奥氏体晶粒长大,如Al、Ti、Zr、V、W等。() A.对 B.错 点击查看答案进入小程序搜题 请将...
A is correct.Using the CAPM relationship of,we can estimate the expected return as:B is incorrect because the expected return is computed as 0.05 + (0.08 – 0.05)(1.5) = 9.5%.C is incorrect because the expected return is computed as 0.08 + (0.05)(1.5) = 15.5%.【释义】此题考查CAPM的...
题目 Your estimate of the market risk premium is 7%. The risk-free rate of return is 4% and General Motors has a beta of 1.6. What is General Motors' cost of equity capital? A.15.2%B.14.4%C.16.0%D.13.7% 相关知识点: 试题来源: 解析 A 反馈 收藏 ...
We report reliable evidence that the ex ante risk premium is negative in some states of the world; these states are related to periods of high expected inflation and especially to downward-sloping term structures.关键词: Ex ante risk premium Inequality restrictions Conditional asset pricing models ...
Now that we've explored the risk premium models and their challenges, it's time to look at them with actual data. The first step is to find a reasonable range of expected equity returns. Step two is to deduct arisk-free rate of returnand step three is to try to arrive at a reasonab...
This article employs threshold cointegration and error-correction models to the default risk premium. The approach allows asymmetry in the dynamic process that has not been captured in previous studies of corporate credit spreads. The results indicate that the adjustment process is asymmetric and would...