年份

无风险收益率(Rf)

市场风险溢价(Rm − Rf)

β系数

权益资本成本

2014

3.62%

7.40%

0.98

10.87%

2015

2.82%

7.00%

0.98

9.68%

2016

3.01%

6.80%

0.98

9.67%

2017

3.88%

6.90%

0.98

10.64%

2018

3.23%

6.70%

0.97

9.73%

2019

3.14%

6.00%

0.96

8.90%

2020

3.14%

2.20%

1.01

5.36%

2021

2.78%

8.10%

0.99

10.80%

2022

2.88%

3.00%

1

5.88%