Q38. market equity risk premium 6.0 Sorbonne estimate beta 1.6 Sorbonne after-tax cast 8.0% Risk premium of equity over debt 4.0% Using the capital asset pricing model (CAPM) approach and the bond yield plus risk premium approach, respectively, the cost equity for Sorbonne is closest to: CAPM Bond yield plus risk premium A. 12.6% 12% B. 12.6% 14% C. 13.1% 12% D. 13.1% 14%
答案和详解如下:
Q38. C Study Session 11-48.h The cost equity using the CAPM=3.5+1.6(6) = 13.1% and with the bond yield plus risk premium approach = 8+4 = 12%
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