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If investors as a whole suddenly become more risk-averse, we would expect the level of the stock market to go ____ and the market risk
If investors as a whole suddenly become more risk-averse, we would expect the level of the stock market to go ____ and the market risk premium to go ____.
a. stock market up; MRP down
b. stock market up; MRP up
c. stock market down; MRP down
d. stock market down; MRP up
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