INVESTMENTS_投资学_（博迪BODIE,_KANE,_MARCUS）Chap005_Introduction_to_Risk,_Return,_and_the_Historical_Record教材教学课件.pptVIP

CHAPTER 5;Interest Rate Determinants;Real and Nominal Rates of Interest;Equilibrium Real Rate of Interest;Figure 5.1 Determination of the Equilibrium Real Rate of Interest;Equilibrium Nominal Rate of Interest;Taxes and the Real Rate of Interest;Rates of Return for Different Holding Periods;Table 5.1 APR vs. EAR;Table 5.2 Statistics for T-Bill Rates, Inflation Rates and Real Rates, 1926-2009;Bills and Inflation, 1926-2009;Figure 5.3 Interest Rates and Inflation, 1926-2009;Risk and Risk Premiums;Ending Price = 110 Beginning Price = 100 Dividend = 4 HPR = (110 - 100 + 4 )/ (100) = 14% ;Expe