Question
Why would the market risk premium be higher if a person becomes more risk-averse? If investors become more risk aversive, the Security Market Line would
Why would the market risk premium be higher if a person becomes more risk-averse?
If investors become more risk aversive, the Security Market Line would have a higher market risk premium. Why?
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
