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We look at the Risk-Free Rate (RF) and the Market Risk Premium (MRP) used by analysts in 2015 to value companies of six countries. The dispersion of both, the RF and the MRP used, is huge, and the most unexpected result is that the dispersion is higher for the RF than for the MRP.We also find...
Persistent link: https://www.econbiz.de/10012970725
The average Equity Premium or Market Risk Premium (MRP) used in 2011 by professors for the USA (5.7%) is higher than the one used by analysts (5.0%) and companies (5.6%). The standard deviation of the MRP used in 2011 by analysts (1.1%) is lower than the ones of companies (2.0%) and professors...
Persistent link: https://www.econbiz.de/10013122014
This paper proposes and estimates a tractable, arbitrage-free valuation model for corporate coupon bonds that includes …
Persistent link: https://www.econbiz.de/10012851005