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- UID
- 223315
- 帖子
- 199
- 主题
- 82
- 注册时间
- 2011-7-11
- 最后登录
- 2013-9-12
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Adding to the premium is right, you are not adding it to the RFR.
Expected return of market - RFR = risk premium
= (E(R) - RFR)
and you add CRP to it
= E(R) - RFR + CRP
You might be thinking about E(R) - (RFR+CRP), which is incorrect |
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发表于 2011-7-11 15:17
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