题目
Suppose three factors have been identified for the U.S. economy: the growth rate of industrial production (IP), the inflation rate (IR), and the excess return of 30-year Treasury bonds over T-bills (TB). IP is expected to be 4.0%, IR is expected to be 3.0%, and TB is expected to be 2.0%. A stock that is expected to provide a rate of return of 9.0% has a beta of 0.8 on IP, a beta of 0.6 on IR, and a beta of 0.5 on TB. If industrial production (IP) actually grows by 5.0%, the inflation rate (IR) turns out to be 2.0%, and the excess long-term Treasury bond (TB) is realized as 2.0%, what is the revised estimate of the expected rate of return on the stock?
选项
A.8.80%
B.9.20%
C.10.30%
D.11.50%
答案
B
解析
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