= - = = = The CCAPM with holds with U(ct) = act c where a = 20 and 6 1.5. Also, assume that rf,t+1 = .05, 8 =.98, C+ = 5.5, and cov(j,t+1, t+1) = -.2. Answer the following: (a) What is E[j,t+1] + = (b) Is Ej,t+1] greater than or less than rf,t+1? Why? = - = = = The CCAPM with holds with U(ct) = act c where a = 20 and 6 1.5. Also, assume that rf,t+1 = .05, 8 =.98, C+ = 5.5, and cov(j,t+1, t+1) = -.2. Answer the following: (a) What is E[j,t+1] + = (b) Is Ej,t+1] greater than or less than rf,t+1? Why