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CAPM question from CFAI morning session
Q 73. Lots more information in this question than you need, but they use the 10year bond as the RFR instead of the 3month tbill. Why are they not using the 3month Tbill as the RFR?
.. the 10 year bond would have additional risk premiums built into it for yield curve risk, inflation risk, and sovereign risk, which is in agreement with its yield being 50 bp higher.
Any help appreciated. |
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发表于 2013-4-3 08:28
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