185****0520
2023-10-09 16:03哈羅，Q4的GK分解能仔細(xì)梳理一下嗎
所屬：CFA Level II > Corporate Issuers 視頻位置 相關(guān)試題
來(lái)源： 視頻位置 相關(guān)試題
1個(gè)回答
Alex助教
2023-10-09 18:02
該回答已被題主采納
ERP = [Dividend yield + Expected capital gain] – E(rf)
= [Dividend yield + Expected repricing + Earnings growth per share] – E(rf).
= [Dividend yield + Expected repricing + Expected inflation + Real economic growth + Change in shares outstanding] – E(rf).
即
ERP = [DY + Δ(P/E) + i + g + ΔS] – E(rf).
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