Suppose that expectations about the S&P 500 index and the T-bill rate are the same as they

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Suppose that expectations about the S&P 500 index and the T-bill rate are the same as they were in 2009, but you find that a greater proportion is invested in T-bills today than in 2009.

What can you conclude about the change in risk tolerance over the years since 2009?

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Investments

ISBN: 9780073530703

9th Edition

Authors: Zvi Bodie, Alex Kane, Alan Marcus

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