时间

平滑内在无风险收益率

预期股权回报

2004

12.17%

21.08%

2005

10.78%

22.13%

2006

10.40%

14.30%

2007

11.09%

12.22%

2008

11.93%

14.86%

2009

12.18%

13.91%

2010

12.69%

14.71%

2011

13.28%

15.83%

2012

13.50%

16.12%

2013

13.41%

16.57%

2014

12.93%

15.21%

2015

12.44%

14.85%

2016

11.89%

14.89%

2017

10.85%

14.56%

2018

10.17%

14.54%

2019

10.20%

13.92%