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Which of the following statements about cost-of-equity estimation is most correct? A The CAPM approach is...

Which of the following statements about cost-of-equity estimation is most correct?

A The CAPM approach is always superior to the DCF approach.
B The risk premium used in the debt-cost-plus-risk-premium approach is the same as the risk premium used in the CAPM approach.
C Because the CAPM and DCF approaches use market data, they provide precise cost-of-equity estimates.
D The debt-cost-plus-risk-premium approach can be used when the business does not have publicly traded equity.
E All approaches always produce estimates that fall within a narrow range.
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