Additional value of return on investment over the risk-free bond:
R_p = R_m - R_f |
where
R_f | risk-free bond |
R_m | historical return of the stock market |
Additional value of return on investment over the risk-free bond:
R_p = R_m - R_f |
where
R_f | risk-free bond |
R_m | historical return of the stock market |