This has repeatedly bothered me something, referring, only, country

EastCoastJ

When referring to the country risk premium, Schweser constantly says that the CRP is ADDED to the market risk premium. The formula is as follows:

RFR + B[E(Rmkt) - RFR + CRP]

Since you are adding the CRP to the RFR which is being SUBSTRACTED from the R(mkt) which composes the market risk premium, why do they keep saying you are ADDING it?

The only thing you are ADDING it to is the RFR. The market risk premium is reduced as a result of the CRP.

Or am I just missing something?

Cheers