答案如下
Which of the following statements about the inflation premium is FALSE?
A)The premium may change with time.
B)The premium is the difference between the real and nominal rate of return.??
C)Investors demand an inflation premium to recompense them for potential erosion of spending power.
D)When inflation premiums are high, interest-rate risk premiums are also high.
Answer
The correct answer was D) When inflation premiums are high, interest-rate risk premiums are also high.
The inflation premium represents the extra payment investors demand to compensate for inflation, while the interest-rate risk premium represents the extra payment investors demand for the risk of rising interest rates. Inflation premiums reflect marketwide inflation, while interest-rate risk premiums are specific to an investment; the two factors are not directly related. Because the inflation rate varies over time, so does the inflation premium. The inflation premium is calculated by subtracting the real rate of return from the nominal rate of return. The inflation premium represents a unit of additional return demanded by investors to compensate for a loss of purchasing power attributable to inflation.
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发表于 2006-4-3 12:25
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