微信扫一扫
实时资讯全掌握
|
Ben Jacobs, CFA, is attempting to calculate a historical equity risk premium. His first estimate uses geometric mean equity returns and long-term bond yields. His second estimate uses arithmetic mean returns and short-term bond yields. The effect of the changes in methodology in the second estimate, relative to the first, will: A. both increase the size of the risk premium. B. both decrease the size of the risk premium. C. have offsetting effects. |