05年真题的第六题的 A,CME 科目,Future financial and technological innovations will continue to give investors easier access to the
financial markets and allow effectivediversification of risks.这个因素,导致了 GK Model 里面 repricing return 增加,给的解释是这样的,Such innovations would make investors willing to pay higher prices for a given stream of
earnings, which would contribute to an upward repricing going forward and a higher equity risk
premium.这个是因为能分散风险,然后我给高议价吗?