Yes on page 34 of the 'Independent Experts Report...in relation...

Yes on page 34 of the 'Independent Experts Report...in relation to the sale of US Tollroads..'

'The Capital Asset Pricing Model (CAPM) has been applied to calculate an appropriate cost of equity for each asset. CAPM theory holds that the cost of equity capital is equal to the risk free rate of return plus the product of the stock's beta coefficient, being the index of its risk expressed as the volatility of its return in relation to that of a market portfolio, and the risk premium of the market as a whole.'

'i.e. Ke = Rf+B(Rm-Rf) + a.'

Ok,

(It's going well, anyway).

karoshii.