[중급] p334 타당성 할인율산정

<p>안녕하세요!</p><p> </p><p>아래에서 할인율 산정을 도통 모르겠어서 질의드립니다 (퍼런색 하이라이트 부분)</p><p> </p><p>지문에서 <b>CAPM으로 산정하라고 나와있는데요</b></p><p> </p><p>이건</p><p>무위험 + 시장프리미엄 + 추가보정률 아닌지요?</p><p> </p><p>또 할인율과 기출환원율이 모두 6.5%로 <b>동일할수 있는지요?</b></p><p> </p><p> </p><p> </p><div class="figure-img" data-ke-type="image" data-ke-style="alignCenter" data-ke-mobilestyle="widthOrigin"><img src="https://t1.daumcdn.net/cafeattach/1DcV0/0eb8119c912207023dd41e9689fff9067231ac6e" class="txc-image" data-img-src="https://t1.daumcdn.net/cafeattach/1DcV0/0eb8119c912207023dd41e9689fff9067231ac6e" data-origin-width="2244" data-origin-height="3474"></div><div class="figure-img" data-ke-type="image" data-ke-style="alignCenter" data-ke-mobilestyle="widthOrigin"><img src="https://t1.daumcdn.net/cafeattach/1DcV0/2103b7aab2f41d90e8814addf9de06d3b66a45f3" class="txc-image" data-img-src="https://t1.daumcdn.net/cafeattach/1DcV0/2103b7aab2f41d90e8814addf9de06d3b66a45f3" data-origin-width="2268" data-origin-height="3159"></div><div class="figure-img" data-ke-type="image" data-ke-style="alignCenter" data-ke-mobilestyle="widthOrigin"><img src="https://t1.daumcdn.net/cafeattach/1DcV0/8e60d840344321d6427adc424b48ca7631078062" class="txc-image" data-img-src="https://t1.daumcdn.net/cafeattach/1DcV0/8e60d840344321d6427adc424b48ca7631078062" data-origin-width="2268" data-origin-height="3122"></div><div class="figure-img" data-ke-type="image" data-ke-style="alignCenter" data-ke-mobilestyle="widthOrigin"><img src="https://t1.daumcdn.net/cafeattach/1DcV0/0d531c6ec9d79053d15a4026a7df21e90eb29225" class="txc-image" data-img-src="https://t1.daumcdn.net/cafeattach/1DcV0/0d531c6ec9d79053d15a4026a7df21e90eb29225" data-origin-width="2268" data-origin-height="3149"></div><div class="figure-img" data-ke-type="image" data-ke-style="alignCenter" data-ke-mobilestyle="widthOrigin"><img src="https://t1.daumcdn.net/cafeattach/1DcV0/892e66ba3167270d57b333e1bbef344a232029d0" class="txc-image" data-img-src="https://t1.daumcdn.net/cafeattach/1DcV0/892e66ba3167270d57b333e1bbef344a232029d0" data-origin-width="2268" data-origin-height="3122"></div>