问题如下图:
选项:
A.
B.
C.
解释:
这道题的解析和答案哪个是对的?好像互相矛盾
NO.PZ2018091701000067 问题如下 Whis the relationship between the equity return anfuture consumption outcomes,if a risk-averse investor requires a large equity risk premium? A.Negative relativity B.Positive relativity. C.uncorrelate B is correct.考点股票与股权风险溢价。解析结论Equities are a bhee for bconsumption outcomes,因此equity return和consumption outcomes正相关。 large risk premium = 经济差 = 未来消费差 = consume outcome ba个链条对吗?
NO.PZ2018091701000067 问题如下 Whis the relationship between the equity return anfuture consumption outcomes,if a risk-averse investor requires a large equity risk premium? A.Negative relativity B.Positive relativity. C.uncorrelate B is correct.考点股票与股权风险溢价。解析结论Equities are a bhee for bconsumption outcomes,因此equity return和consumption outcomes正相关。 老师,这道题目中“future consumption outcomes”这个词的意思我有点迷茫,是指对于未来消费的预期吗?如果这样的话,收益越高,不就是未来消费肯定更多吗?就和组合这一章节和后面那句话都没有关系了。所以我觉得我的理解有问题。麻烦老师指导一下。
NO.PZ2018091701000067 其实上半句就可以判断出两个相关性是正的。后半句“if a risk-averse investor requires a large equity risk premium?”的存在是表达了什么东西吗?
NO.PZ2018091701000067 Positive relativity. uncorrelate B is correct. 考点股票与股权风险溢价。 解析 结论Equities are a bhee for bconsumption outcomes,因此equity return和consumption outcomes正相关。老师,这个equity return是指收益还是收益率?收益的话,由于市场变差,股票价格下降,收益变差;但如果是收益率的话,由于市场变差,投资者要求的投资收益率变大,k变大这个该怎么理解?
该题的意义在于考察Equity是顺周期性产品,但是我记得一级的时候学过equity的收益和经济增长关系是不确定的,怎么?