In 2007 and 2008 the return on UK shares was less than the return on UK Government

Question:

In 2007 and 2008 the return on UK shares was less than the return on UK Government bonds. Why don’t we take the most recent returns for rm – rf in the CAPM rather than the long-term historical average rm – rf ?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: