Question Completion Status: 20 33 40 50 70 86 90 10 110 12 13 140 150 16 QUESTION 10 Risk premium of a risk factor: O A. Can be captured by constructing a factor-mimicking portfolio B. Arises because investors are risk-neutral O C. Acts as compensation to investors for bearing the risk of negative factor returns A and C only ho QUESTION 11 "Bad times" are periods of: High marginal utility O Low aggregate consumption Low returns of risk factors that normally carry positive risk premiums