问题
单项选择题
The cost of equity using the capital asset pricing model (CAPM) approach and the discounted cash flow approach is: CAPMDiscounted Cash Flow（）①A. 16.0%16.0% ②B. 16.0%15.4% ③C. 16.6%15.4%
A. ①
B. ②
C. ③
答案
参考答案：A
解析：
CAPM: 10 +5 × 1.2 = 16%
Discounted Cash Flow: D1 =2 × 1.08 =2.16, now (2.16/27) +0.08 = 16%
