{"id":1529,"date":"2024-05-13T17:46:05","date_gmt":"2024-05-13T17:46:05","guid":{"rendered":"https:\/\/eoninvestment.com\/?p=1529"},"modified":"2024-06-15T23:58:36","modified_gmt":"2024-06-15T19:58:36","slug":"%e1%83%9c%e1%83%90%e1%83%92%e1%83%a3%e1%83%9a%e1%83%98%e1%83%a1%e1%83%ae%e1%83%9b%e1%83%94%e1%83%95%e1%83%98-%e1%83%9e%e1%83%a0%e1%83%94%e1%83%9b%e1%83%98%e1%83%90","status":"publish","type":"post","link":"https:\/\/eoninvestment.com\/ka\/2024\/05\/13\/%e1%83%9c%e1%83%90%e1%83%92%e1%83%a3%e1%83%9a%e1%83%98%e1%83%a1%e1%83%ae%e1%83%9b%e1%83%94%e1%83%95%e1%83%98-%e1%83%9e%e1%83%a0%e1%83%94%e1%83%9b%e1%83%98%e1%83%90\/","title":{"rendered":"Implied Equity Risk Premium"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Implied Equity Risk Premium is a relative measure in finance that changes the investment philosophy and perspective\u2026<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Instead of assessing capital risk with historical figures, it&#8217;s possible to deduce from market observations a simple Gordon model (other versions exist &#8211; ROE, default spread, option volatility changes\u2026).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Value = Div(1) \/ (r-g)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">From this standpoint, understanding how dividends, stock prices, and expected growth rates change could lead to deducing what premium an investor demands from a given investment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In a more sophisticated, and real version, integrating statistics of stock sales into the dividend part is possible\u2026 I won&#8217;t delve into the formulas, but if you&#8217;re more interested, you can find the professor&#8217;s thesis at this link:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/lnkd.in\/di7qAvRq\" rel=\"nofollow\">https:\/\/lnkd.in\/di7qAvRq<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here are some key points to consider:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Differences between statistical and deduction-based figures can arise because historical statistics reflect real historical premiums, while deductions rely on market perceptions. For instance, when stock prices increase in a period, historical statistics show high premiums, but investors might be less cautious at that time, reducing the cost of risk\u2026<\/li>\n\n\n\n<li>As &#8220;Implied&#8221; Premium suggests, it better anticipates the real premium of upcoming periods (with 76% correlation), compared to historical. Therefore, for better forward guidance, the use of Implied Risk Premium is a more rational decision;<\/li>\n\n\n\n<li>Using Implied Premium reduces the need for years of historical statistical analysis to minimize Standard Error. It works effectively even on short periods and provides a better opportunity for segmental and industry-specific analyses\u2026<\/li>\n\n\n\n<li>From 2012 to 2021, the average Implied Equity Risk Premium in the US market was 5.35%*.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">*Equity Risk Premiums (ERP): Determinants, Estimation, and Implications \u2013 The 2022 Edition Updated: March 23, 2022 Aswath Damodaran; Stern School of Business<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Implied Equity Risk Premium &#8211; \u10e8\u10d4\u10d3\u10d0\u10e0\u10d4\u10d1\u10d8\u10d7 \u10d7\u10d0\u10dc\u10d0\u10db\u10d4\u10d3\u10e0\u10dd\u10d5\u10d4 \u10db\u10d8\u10d3\u10d2\u10dd\u10db\u10d0\u10d0 \u10e4\u10d8\u10dc\u10d0\u10dc\u10e1\u10d4\u10d1\u10e8\u10d8, \u10e0\u10dd\u10db\u10d4\u10da\u10d8\u10ea \u10ea\u10d5\u10da\u10d8\u10e1 \u10e1\u10d0\u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10d8\u10ea\u10d8\u10dd \u10e4\u10d8\u10da\u10dd\u10e1\u10dd\u10e4\u10d8\u10d0\u10e1\u10d0\u10ea \u10d3\u10d0 \u10de\u10d4\u10e0\u10e1\u10de\u10d4\u10e5\u10e2\u10d8\u10d5\u10d0\u10e1\u10d0\u10ea&#8230;<br \/><br \/>\u10dc\u10d0\u10ea\u10d5\u10da\u10d0\u10d3 \u10d8\u10db\u10d8\u10e1\u10d0, \u10e0\u10dd\u10db \u10d9\u10d0\u10de\u10d8\u10e2\u10d0\u10da\u10d8\u10e1 \u10e0\u10d8\u10e1\u10d9\u10d8 \u10e8\u10d4\u10d5\u10d0\u10e4\u10d0\u10e1\u10dd\u10d7 \u10d8\u10e1\u10e2\u10dd\u10e0\u10d8\u10e3\u10da\u10d8 \u10ea\u10d8\u10e4\u10e0\u10d4\u10d1\u10d8\u10d7, \u10e8\u10d4\u10e1\u10d0\u10eb\u10da\u10d4\u10d1\u10d4\u10da\u10d8\u10d0 \u10db\u10d8\u10e1 \u10e8\u10d4\u10e1\u10d0\u10ee\u10d4\u10d1 \u10d1\u10d0\u10d6\u10e0\u10d8\u10e1 \u10db\u10dd\u10da\u10dd\u10d3\u10d8\u10dc\u10d4\u10d1\u10d8\u10d7 \u10d3\u10d0\u10d5\u10d0\u10e1\u10d9\u10d5\u10dc\u10d0\u10d7 \u10db\u10d0\u10e0\u10e2\u10d8\u10d5\u10d8 \u10d2\u10dd\u10e0\u10d3\u10dd\u10dc\u10d8\u10e1 \u10db\u10dd\u10d3\u10d4\u10da\u10d8\u10d3\u10d0\u10dc\u10d0\u10ea \u10d9\u10d8 (\u10e1\u10ee\u10d5\u10d0 \u10d5\u10d4\u10e0\u10e1\u10d8\u10d4\u10d1\u10d8\u10ea \u10d0\u10e0\u10e1\u10d4\u10d1\u10dd\u10d1\u10e1 &#8211; ROE, \u10d3\u10d4\u10e4\u10dd\u10da\u10e2\u10d8\u10e1 \u10e1\u10de\u10e0\u10d4\u10d3\u10d8, \u10dd\u10e4\u10ea\u10d8\u10d4\u10d1\u10d8\u10e1 \u10ea\u10d5\u10d0\u10da\u10d4\u10d1\u10d0\u10d3\u10dd\u10d1\u10d0..).<br \/><br \/>Value = Div(1) \/ (r-g)<br \/><br \/>\u10d2\u10d0\u10db\u10dd\u10db\u10d3\u10d8\u10dc\u10d0\u10e0\u10d4 \u10d8\u10e5\u10d4\u10d3\u10d0\u10dc \u10d7\u10e3 \u10e0\u10dd\u10d2\u10dd\u10e0\u10d8\u10d0 \u10db\u10dd\u10e1\u10d0\u10da\u10dd\u10d3\u10dc\u10d4\u10da\u10d8 \u10d3\u10d8\u10d5\u10d8\u10d3\u10d4\u10dc\u10d3\u10d4\u10d1\u10d8, \u10d0\u10e5\u10ea\u10d8\u10d4\u10d1\u10d8\u10e1 \u10e4\u10d0\u10e1\u10d4\u10d1\u10d8 \u10d3\u10d0 \u10db\u10dd\u10e1\u10d0\u10da\u10dd\u10d3\u10dc\u10d4\u10da\u10d8 \u10d6\u10e0\u10d3\u10d8\u10e1 \u10d2\u10d0\u10dc\u10d0\u10d9\u10d5\u10d4\u10d7\u10d4\u10d1\u10d8, \u10e8\u10d4\u10d8\u10eb\u10da\u10d4\u10d1\u10d0 \u10d3\u10d4\u10d3\u10e3\u10e5\u10ea\u10d8\u10e3\u10e0\u10d8 \u10d3\u10d0\u10e1\u10d9\u10d5\u10dc\u10d0 \u10d2\u10d0\u10d9\u10d4\u10d7\u10d3\u10d4\u10e1 \u10d8\u10db\u10d8\u10e1 \u10e8\u10d4\u10e1\u10d0\u10ee\u10d4\u10d1 \u10d7\u10e3 \u10e0\u10d0 \u10de\u10e0\u10d4\u10db\u10d8\u10d0\u10e1 \u10db\u10dd\u10d4\u10da\u10d8\u10e1 \u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10dd\u10e0\u10d8 \u10d2\u10d0\u10d9\u10d4\u10d7\u10d4\u10d1\u10e3\u10da\u10d8 \u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10d8\u10ea\u10d8\u10d8\u10d3\u10d0\u10dc.<br \/><br \/>\u10e3\u10e4\u10e0\u10dd \u10d2\u10d0\u10e0\u10d7\u10e3\u10da\u10d4\u10d1\u10e3\u10da, \u10d3\u10d0 \u10e0\u10d4\u10d0\u10da\u10e3\u10e0 \u10d5\u10d4\u10e0\u10e1\u10d8\u10d0\u10e8\u10d8 \u10e8\u10d4\u10e1\u10d0\u10eb\u10da\u10d4\u10d1\u10d4\u10da\u10d8\u10d0 \u10d0\u10e5\u10ea\u10d8\u10d4\u10d1\u10d8\u10e1 \u10d2\u10d0\u10db\u10dd\u10e1\u10e7\u10d8\u10d3\u10d5\u10d4\u10d1\u10d8\u10e1 \u10e1\u10e2\u10d0\u10e2\u10d8\u10e1\u10e2\u10d8\u10d9\u10d8\u10e1 \u10d8\u10dc\u10e2\u10d4\u10d2\u10e0\u10d8\u10e0\u10d4\u10d1\u10d0\u10ea \u10d3\u10d8\u10d5\u10d8\u10d3\u10d4\u10dc\u10d3\u10d4\u10d1\u10d8\u10e1 \u10dc\u10d0\u10ec\u10d8\u10da\u10e8\u10d8&#8230; \u10e4\u10dd\u10e0\u10db\u10e3\u10da\u10d4\u10d1\u10e1 \u10d0\u10e6\u10d0\u10e0 \u10d2\u10d0\u10d5\u10d0\u10e0\u10d7\u10e3\u10da\u10d4\u10d1, \u10d7\u10e3 \u10e3\u10e4\u10e0\u10dd \u10d3\u10d4\u10e2\u10d0\u10da\u10e3\u10e0\u10d0\u10d3 \u10d2\u10d0\u10d8\u10dc\u10e2\u10d4\u10e0\u10d4\u10e1\u10d4\u10d1\u10d7, \u10de\u10e0\u10dd\u10e4\u10d4\u10e1\u10dd\u10e0\u10d8 \u10d3\u10d0\u10db\u10dd\u10d3\u10d0\u10e0\u10d0\u10dc\u10d8\u10e1 \u10dc\u10d0\u10e8\u10e0\u10dd\u10db\u10d8 \u10e8\u10d4\u10d2\u10d8\u10eb\u10da\u10d8\u10d0\u10d7 \u10dc\u10d0\u10ee\u10dd\u10d7 \u10d0\u10db \u10d1\u10db\u10e3\u10da\u10d6\u10d4:<br \/><br \/><a href=\"https:\/\/lnkd.in\/di7qAvRq\">https:\/\/lnkd.in\/di7qAvRq<\/a><br \/><br \/>\u10d7\u10e5\u10d5\u10d4\u10dc\u10e1 \u10e7\u10e3\u10e0\u10d0\u10d3\u10e6\u10d4\u10d1\u10d0\u10e1 \u10d2\u10d0\u10d5\u10d0\u10db\u10d0\u10ee\u10d5\u10d8\u10da\u10d4\u10d1 \u10e0\u10d0\u10db\u10dd\u10d3\u10d4\u10dc\u10d8\u10db\u10d4 \u10db\u10dc\u10d8\u10e8\u10d5\u10dc\u10d4\u10da\u10dd\u10d5\u10d0\u10dc \u10db\u10dd\u10db\u10d4\u10dc\u10e2\u10d6\u10d4:<br \/><br \/>1. \u10d8\u10e1\u10e2\u10dd\u10e0\u10d8\u10e3\u10da\u10d8 \u10e1\u10e2\u10d0\u10e2\u10d8\u10e1\u10e2\u10d8\u10d9\u10d8\u10d7 \u10d3\u10d0 \u10d3\u10d4\u10d3\u10e3\u10e5\u10ea\u10d8\u10e3\u10e0\u10d8 \u10d3\u10d0\u10e1\u10d9\u10d5\u10dc\u10d8\u10d7 \u10db\u10d8\u10e6\u10d4\u10d1\u10e3\u10da\u10d8 \u10ea\u10d8\u10e4\u10e0\u10d4\u10d1\u10d8 \u10d4\u10e0\u10d7\u10db\u10d0\u10dc\u10d4\u10d7\u10d8\u10e1\u10d2\u10d0\u10dc \u10d2\u10d0\u10dc\u10e1\u10ee\u10d5\u10d0\u10d5\u10d3\u10d4\u10d1\u10d0, \u10e0\u10d0\u10d3\u10d2\u10d0\u10dc \u10d8\u10e1\u10e2\u10dd\u10e0\u10d8\u10e3\u10da\u10d8 \u10e1\u10e2\u10d0\u10e2\u10d8\u10e1\u10e2\u10d8\u10d9\u10d0 \u10d0\u10e1\u10d0\u10ee\u10d0\u10d5\u10e1 \u10e0\u10d4\u10d0\u10da\u10e3\u10e0 \u10d8\u10e1\u10e2\u10dd\u10e0\u10d8\u10e3\u10da \u10de\u10e0\u10d4\u10db\u10d8\u10d0\u10e1, \u10ee\u10dd\u10da\u10dd \u10d3\u10d0\u10e1\u10d9\u10d5\u10dc\u10d8\u10d7 \u10db\u10d8\u10e6\u10d4\u10d1\u10e3\u10da\u10d8 \u10d1\u10d0\u10d6\u10e0\u10d8\u10e1 \u10db\u10dd\u10da\u10dd\u10d3\u10d8\u10dc\u10e1. \u10db\u10d0\u10d2\u10d0\u10da\u10d8\u10d7\u10d0\u10d3, \u10e0\u10dd\u10ea\u10d0 \u10d0\u10e5\u10ea\u10d8\u10d4\u10d1\u10d8\u10e1 \u10e4\u10d0\u10e1\u10d4\u10d1\u10d8 \u10de\u10d4\u10e0\u10d8\u10dd\u10d3\u10d8\u10e1 \u10e0\u10d0\u10e6\u10d0\u10ea \u10db\u10dd\u10dc\u10d0\u10d9\u10d5\u10d4\u10d7\u10e8\u10d8 \u10d8\u10d6\u10e0\u10d3\u10d4\u10d1\u10d0, \u10d8\u10e1\u10e2\u10dd\u10e0\u10d8\u10e3\u10da\u10d8 \u10e1\u10e2\u10d0\u10e2\u10d8\u10e1\u10e2\u10d8\u10d9\u10d0 \u10db\u10d0\u10e6\u10d0\u10da \u10de\u10e0\u10d4\u10db\u10d8\u10d0\u10e1 \u10d0\u10e9\u10d5\u10d4\u10dc\u10d4\u10d1\u10e1, \u10e1\u10d8\u10dc\u10d0\u10db\u10d3\u10d5\u10d8\u10da\u10d4\u10e8\u10d8 \u10d9\u10d8 \u10d0\u10db \u10d3\u10e0\u10dd\u10e1 \u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10dd\u10e0\u10d4\u10d1\u10d8 \u10dc\u10d0\u10d9\u10da\u10d4\u10d1\u10d0\u10d3 \u10e4\u10e0\u10d7\u10ee\u10d8\u10da\u10d4\u10d1\u10d8 \u10d0\u10e0\u10d8\u10d0\u10dc \u10d3\u10d0 \u10e0\u10d8\u10e1\u10d9\u10d8\u10e1 \u10e4\u10d0\u10e1\u10d8 \u10db\u10ea\u10d8\u10e0\u10d3\u10d4\u10d1\u10d0&#8230;<br \/><br \/>2. \u10e0\u10dd\u10d2\u10dd\u10e0\u10ea \u10d0\u10e6\u10db\u10dd\u10e9\u10dc\u10d3\u10d0 &#8220;\u10dc\u10d0\u10d2\u10e3\u10da\u10d8\u10e1\u10ee\u10db\u10d4\u10d5\u10d8&#8221; (Implied) \u10de\u10e0\u10d4\u10db\u10d8\u10d0, \u10e3\u10e4\u10e0\u10dd \u10e3\u10d9\u10d4\u10d7\u10d4\u10e1\u10d0\u10d3 \u10ec\u10d8\u10dc\u10d0\u10e1\u10ec\u10d0\u10e0\u10db\u10d4\u10e2\u10e7\u10d5\u10d4\u10da\u10d4\u10d1\u10e1 \u10db\u10dd\u10db\u10d3\u10d4\u10d5\u10dc\u10dd \u10de\u10d4\u10e0\u10d8\u10dd\u10d3\u10d8\u10e1 \u10e0\u10d4\u10d0\u10da\u10e3\u10e0 \u10de\u10e0\u10d4\u10db\u10d8\u10d0\u10e1 (76%-\u10d0\u10dc\u10d8 \u10d9\u10dd\u10e0\u10d4\u10da\u10d0\u10ea\u10d8\u10d8\u10d7), \u10d5\u10d8\u10d3\u10e0\u10d4 \u10d8\u10e1\u10e2\u10dd\u10e0\u10d8\u10e3\u10da\u10d8. \u10d0\u10db\u10d8\u10e2\u10dd\u10db \u10e3\u10d9\u10d4\u10d7\u10d4\u10e1\u10d8 \u10ec\u10d8\u10dc\u10d0\u10e1\u10ec\u10d0\u10e0-\u10db\u10d4\u10e2\u10e7\u10d5\u10d4\u10da\u10d4\u10d1\u10d8\u10e1\u10d7\u10d5\u10d8\u10e1 Implied Risk Premium-\u10d8\u10e1 \u10d2\u10d0\u10db\u10dd\u10e7\u10d4\u10dc\u10d4\u10d1\u10d0, \u10e3\u10e4\u10e0\u10dd \u10e0\u10d0\u10ea\u10d8\u10dd\u10dc\u10d0\u10da\u10e3\u10e0\u10d8 \u10d2\u10d0\u10d3\u10d0\u10ec\u10e7\u10d5\u10d4\u10e2\u10d8\u10da\u10d4\u10d1\u10d0\u10d0;<br \/><br \/>3. \u10dc\u10d0\u10d2\u10e3\u10da\u10d8\u10e1\u10ee\u10db\u10d4\u10d5 \u10de\u10e0\u10d4\u10db\u10d8\u10e3\u10db\u10e1 Standard Error-\u10d8\u10e1 \u10e8\u10d4\u10e1\u10d0\u10db\u10ea\u10d8\u10e0\u10d4\u10d1\u10da\u10d0\u10d3 \u10d0\u10e0 \u10e1\u10ed\u10d8\u10e0\u10d3\u10d4\u10d1\u10d0 \u10d0\u10d7\u10d4\u10e3\u10da\u10dd\u10d1\u10d8\u10d7 \u10ec\u10da\u10d4\u10d1\u10d8\u10e1 \u10d8\u10e1\u10e2\u10dd\u10e0\u10d8\u10e3\u10da\u10d8 \u10e1\u10e2\u10d0\u10e2\u10d8\u10e1\u10e2\u10d8\u10d9\u10d8\u10e1 \u10d0\u10dc\u10d0\u10da\u10d8\u10d6\u10d8. \u10d8\u10e1 \u10db\u10e8\u10d4\u10d5\u10dc\u10d8\u10d5\u10e0\u10d0\u10d3 \u10db\u10e3\u10e8\u10d0\u10dd\u10d1\u10e1 \u10db\u10dd\u10d9\u10da\u10d4 \u10de\u10d4\u10e0\u10d8\u10dd\u10d3\u10d4\u10d1\u10d6\u10d4\u10ea \u10d3\u10d0 \u10d8\u10eb\u10da\u10d4\u10d5\u10d0 \u10e3\u10e4\u10e0\u10dd \u10e6\u10e0\u10db\u10d0 \u10d0\u10dc\u10d0\u10da\u10d8\u10d6\u10d8\u10e1 \u10e1\u10d0\u10e8\u10e3\u10d0\u10da\u10d4\u10d1\u10d0\u10e1 \u10e1\u10d4\u10d2\u10db\u10d4\u10dc\u10e2\u10e3\u10e0\u10d8 \u10d3\u10d0 \u10d8\u10dc\u10d3\u10e3\u10e1\u10e2\u10e0\u10d8\u10e3\u10da\u10d8 \u10d1\u10d0\u10d6\u10e0\u10d4\u10d1\u10d8\u10e1\u10d7\u10d5\u10d8\u10e1\u10d0\u10ea&#8230;<br \/><br \/>4. 2012-21 \u10ec\u10da\u10d4\u10d1\u10e8\u10d8, \u10d0\u10e8\u10e8-\u10e1 \u10d1\u10d0\u10d6\u10e0\u10d8\u10e1 \u10e1\u10d0\u10e8\u10e3\u10d0\u10da\u10dd \u10dc\u10d0\u10d2\u10e3\u10da\u10d8\u10e1\u10ee\u10db\u10d4\u10d5\u10d8 \u10de\u10e0\u10d4\u10db\u10d8\u10d0 (Implied Equity Risk Premium) &#8211; 5.35%-\u10d8\u10d0*.<br \/><br \/>*Equity Risk Premiums (ERP): Determinants, Estimation, and Implications \u2013 The 2022 Edition Updated: March 23, 2022 Aswath Damodaran; Stern School of Business<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Implied Equity Risk Premium is a relative measure in finance that changes the investment philosophy and perspective\u2026 Instead of assessing capital risk with historical figures, it&#8217;s possible to deduce from market observations a simple Gordon model (other versions exist &#8211; ROE, default spread, option volatility changes\u2026). Value = Div(1) \/ (r-g) From this standpoint, understanding [&hellip;]<\/p>\n","protected":false},"author":12998525,"featured_media":1531,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[774675922,15122,37372,92589997,772049227],"tags":[],"class_list":{"0":"post-1529","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-equity-risk-premiums-by-aswath-damodaran","8":"category-sources","9":"category-risk","10":"category-value-fundamentals","11":"category-wacc-coc-structure","13":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/eoninvestment.com\/wp-content\/uploads\/2024\/05\/1703597528510.jpeg?fit=800%2C579&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pQZ85-oF","_links":{"self":[{"href":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/posts\/1529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/users\/12998525"}],"replies":[{"embeddable":true,"href":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/comments?post=1529"}],"version-history":[{"count":4,"href":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/posts\/1529\/revisions"}],"predecessor-version":[{"id":2860,"href":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/posts\/1529\/revisions\/2860"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/media\/1531"}],"wp:attachment":[{"href":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/media?parent=1529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/categories?post=1529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/tags?post=1529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}