屎同学2021-09-05 23:51:58
屎同学Market risk premium = the excess market return In the CAPM, the market risk premium is the difference between the return on the market and the risk-free rate, which is the same as the return in excess of the market return.如果上述这句话成立，尤其是最后这里“same as the return in excess of the market return”不就说明market return就是risk free 的return了吗？但是前半句“market risk premium is the difference between the return on the market and the risk-free rate“说的risk premium是risk free rate 下的return和 market return的差额。
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Evian, CFA2021-09-06 11:15:58
Evian, CFA同学└(^o^)┘你好，
excess market return
the return in excess of the market return
以上两个表述都是指：Rm-Rf
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答非所问。。。。。。。。我是没读懂，可能是断句断错了。麻烦您换种和英文表述说一下这句话，谢谢
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Both “Excess market return” and ”the return in excess of the market return" can represent "Rm - Rf".
超额收益指的是超过无风险收益率Rf的收益率。
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