Proceedings of the Annual Iowa State University Regulatory Conference on Public Utility Valuation and the Rate Making Process, Volumes 13-16Iowa State University., 1974 |
From inside the book
Results 1-3 of 78
Page 233
... expected return on the individual security for the single period being considered , E ( Ř_ ) is the expected return on the market portfolio , R , is the riskless rate of return , and B is the systematic risk of the ith security ...
... expected return on the individual security for the single period being considered , E ( Ř_ ) is the expected return on the market portfolio , R , is the riskless rate of return , and B is the systematic risk of the ith security ...
Page 234
... expected return for a risky asset is equal to a riskless rate of interest plus a linear risk premium equal to the product of the risk premium per unit of risk , commonly called the proportionality factor or E ( R ) and the asset's ...
... expected return for a risky asset is equal to a riskless rate of interest plus a linear risk premium equal to the product of the risk premium per unit of risk , commonly called the proportionality factor or E ( R ) and the asset's ...
Page 241
... expected return , the model is capable of determining ratios between risk premia on different common stocks , but not their absolute expected yields . Further , all measures of risk other than beta seemingly do not systematically affect ...
... expected return , the model is capable of determining ratios between risk premia on different common stocks , but not their absolute expected yields . Further , all measures of risk other than beta seemingly do not systematically affect ...
Contents
12 | 39 |
25 | 45 |
DIVERGENT VIEWS WITHIN THE TELECOMMUNICATIONS INDUSTRY | 53 |
34 other sections not shown
Other editions - View all
Common terms and phrases
adjustment clauses allowed analysis antitrust assets average basis billion bonds book value capacity Chart coal common equity common stock competition conservation construction consumer consumption cost of capital customers DATRAN debt decision declining demand depreciation dividend dollars earnings economic effect efficient electric power electric utilities energy environmental estimated expense factor Federal Federal Power Commission financing firm fuel future growth higher historical cost impact income incremental cost inflation investment investor Iowa State University kilowatt Kilowatt-Hour lease load marginal cost ment monetary natural gas nuclear operating peak percent period plant price level problems production public utility rate base rate design rate increases rate of return rate structure ratio regulation residential result revenue requirements risk Section sumers supply telephone tion unit costs users utility companies utility rates utility services utility's variable