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The MRP is a key input to cost of capital calculations using the Brennan-Lally specification of the Capital Asset Pricing Model (CAPM) that we apply. For many years we have undertaken research in this area – to provide an objective basis for our cost of capital advice. |
This research is regularly updated to reflect current market information and academic thinking. In 2000 we also extended our historical research further back in time. This paper discusses the CAPM methodology we employ and the results of our most recently updated MRP analysis. We also review the ongoing debate about the level of the MRP that can be expected in the future and consider where our analysis sits in this context.
To download the report you will need to fill out a registration form.
For more information contact:
John Redmayne
Director
Telephone: +64 6 358 4033
Email: john.redmayne@nz.pwc.com
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