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%

0.9

10.28%

2015

2.82%

7.00%

1.06

10.24%

2016

3.01%

6.80%

1

9.81%

2017

3.88%

6.90%

1

10.78%

2018

3.23%

6.70%

1.02

10.06%

2019

3.14%

6.00%

1.01

9.20%

2020

3.14%

2.20%

1.01

5.36%

2021

2.78%

8.10%

1

10.88%

2022

2.88%

3.00%

0.98

5.82%