NO.PZ2018091701000067
问题如下:
What is the relationship between the equity return and future consumption outcomes,if a risk-averse investor requires a large equity risk premium?
选项:
A.Negative relativity
B.Positive relativity.
C.uncorrelated.
解释:
B is correct.
考点:股票与股权风险溢价。
解析:
结论:Equities are a bad hedge for bad consumption outcomes,因此equity return和consumption outcomes正相关。
large risk premium = 经济差 = 未来消费差 = consume outcome bad
这个链条对吗?