Question: In the current interest rate environment, using a required return estimate based on the short equity risk premium defined in terms of a short-term government

In the current interest rate environment, using a required return estimate based on the short equity risk premium defined in terms of a short-term government bond rate would be expectA. bias long-term required return on equity estimates upward.B. bias long-term required return on equity estimates downward.C. have no effect on long-term required return on equity estimates.

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