Characteristic Component This is the rate for a short-terroriskless security when Inflation is expected to be zero This is the rate for a tinkteto security that is exposed to changes in tination This is the premium added to the real vinke free rute to compensate for a decrease in purchasing power over time It is based on the band's rating the higher the rating the lower the premium added, thus towering the Interest rate This promium is added when a security looks more, because it cannot be bought and old walichy without losing value ory As Interviu rates rios, bond prices on, and an interotron fail, tond prices on tema interest rate changes are unchal, this praemium In added on a compensation for this uncertainty Raphael bought shares of a heavily traded stock isted on the New York Stock Exchange (NYSE), wherean Susan bouche stocks of a rural bank with a very small number of shareholders. Whose investment is more exposed to markotability risk Raphael's investment Susan's investment