Hi Sir,
Dec 2018 (Q3)
Why the discount rate need to minus 4% risk free rate?
But,
June 2014 (Q2 (a)) do not need to minus risk free rate?
Ask the Tutor ACCA AFM
Discount Rate
In December 2018 you are given the cost of equity.
In June 2014 you are given the market premium (which is already after subtracting the risk free rate).
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