标题: [求助]关于Adjustment for expectations及Adjustment for risk [打印本页] 作者: TonyRen9825 时间: 2009-6-17 23:20 标题: [求助]关于Adjustment for expectations及Adjustment for risk
Cash flow = $10000 due in 10 years, Probability of collection = 80% Risk-free rate (10 years) = 5% Risk premium = $500
这样算出来Present Value = $4604; 则effective interest rate是8.065%。接下来不懂了，8.065%分解为三部分：
Risk-free rate 5% Adjustment for expectations 2.37% Adjustment for risk 0.695%
