1. Using the following formula estimate the cost of equity for an acquisition in your chosen countries and currencies: THAILAND

ke = Cost of Equity= kd+ (kUS mkt kUS rf) + (kForeignSovDebt kUS rf )

where

kd = kForeignSovDebt + 2%

kUS mkt = Expected return on the S&P 500

kUS rf = Current yield on 10-year U.S. Treasurys

kForeignSovDebt= Current yield on 10-year sovereign debt in your chosen country