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When you use CAPM to estimate the cost of equity, which one of the following is the most appropriate to be used as an estimate
When you use CAPM to estimate the cost of equity, which one of the following is the most appropriate to be used as an estimate of market risk premium?
a. The average market risk premium from 1920 to 2016
b. the average market risk premium from 2010 to 2016
c. the average market risk premium fron Jan 2017 to now
d. The current market risk premium
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