EXPLANATIONS NEEDED (CORRECT ANSWERS WILL BE PROVIDED, BUT WHY ARE THESE THE ANSWERS):

v. Those who employ the bottom-up approach start their search immediately at the company level

vi. Those who employ the top-down approach end their search immediately at the company level

vii. In a multifactor model, confidence risk represents unanticipated changes in the willingness of investors to take on investment risk

viii. In a multifactor model, time horizon risk represents unanticipated changes in investors' desired time to receive payouts