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2 Antal return fire 6.80 SPY 1216 12 avremo 2.901 10-year T-bond Risk free radic) 5 Market risk premium 6 Bets T Required to tale

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2 Antal return fire 6.80 SPY 1216 12 avremo 2.901 10-year T-bond Risk free radic) 5 Market risk premium 6 Bets T Required to tale cost of equity) S0096 1455 slope she upefahari dhe ble CAPM freemarkersbele m's return is required return 10 FMP 500 11 terar de performance COM werer under per 12 13 Date 14 The fire Ad Close Price SPY Ad Clow Price The fire melyet 04567 monthly 03596 15 16 17 18 Nie compreended Amor 4/1/13 5/13 2:36 10 IN 013 rispel 1/13 71/13 20 4.63 58.65 06.10 06.19 69.25 5485 66.12 66.01 72.42 5223 300 2 8/13 5713 10/13 138 31 14158 13895 146.91 142.50 146.30 15342 1583 10161 15. Te 163.89 164 52 1965 24 5:44 2.965 1.045 3.00 26 21 12/13 1/1/14 21/14 W14 114 5/14 07.15 67.17 58.72 12.13 0947 6835 67.00 4,95 172.05 17144 7114 02

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