Suppose that expectations about the U.S. equity market and the T-bill rate are the same as they

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Suppose that expectations about the U.S. equity market and the T-bill rate are the same as they were in 2018, but you find that a greater proportion is invested in T-bills today than in 2018. What can you conclude about the change in risk tolerance over the years since 2018?

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ISE Investments

ISBN: 9781260571158

12th International Edition

Authors: Zvi Bodie, Alex Kane, Alan Marcus

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