Quiz: Chapter 12 Quiz Submit Quiz This Question: 1 pt 6 of 13 (0 complete) This Quiz: 13 pts possible Suppose that in place of the S&P 500, you wanted to use a broader market portfolio of all U.S. stocks and bonds as the market proxy. Could you use the same estimate for the market risk premium when applying the CAPM? If not, how would you estimate the correct risk premium to use? Could you use the same estimate for the market risk premium when applying the CAPM? V. (Select from the drop-down menu.) If not, how would you estimate the correct risk premium to use? yes No The expected return of this portfolio is than the S&P 500 because this portfolio contains V. Use the historical excess return of this new index to estimate the correct risk premium. (Select from the drop-down menus.) lower bonds higher stocks