The work deals with the theoretical basis and the practical approach for determining the risk-free rate of return. The aim of the work is to form recommendations which should analysts follow in determining the risk-free rate of return in the Czech Republic. The first part focuses on theoretical basis of risk-free rate of return and market interest rates. Further, the criteria of risk-free investments are defined in this chapter. The second and third part focuses on determination of the risk-free rate of return using yield to maturity of government bond and yield curve which was derived with using the Nelson-Siegel model. The table of forward rates at the end of each month from January 1999 to April 2010 is attached.
Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:19021 |
Date | January 2009 |
Creators | Plánička, Pavel |
Contributors | Mařík, Miloš, Jurečka, Jan |
Publisher | Vysoká škola ekonomická v Praze |
Source Sets | Czech ETDs |
Language | Czech |
Detected Language | English |
Type | info:eu-repo/semantics/masterThesis |
Rights | info:eu-repo/semantics/restrictedAccess |
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