单选题 The cost of equity using the capital asset pricing model (CAPM) approach and the discounted cash flow approach is: CAPM Discounted Cash Flow ①A. 16.0% 16.0% ②B. 16.0% 15.4% ③C. 16.6% 15.4%
【正确答案】 A
【答案解析】
CAPM: 10 +5 × 1.2 = 16%
Discounted Cash Flow: D1 =2 × 1.08 =2.16, now (2.16/27) +0.08 = 16%