Question: True or False and Explain. Projected first principal component (PCA1) of stocks can be interpreted as the market factor, same as the PCA1 of bonds

 True or False and Explain. Projected first principal component (PCA1) of

True or False and Explain. Projected first principal component (PCA1) of stocks can be interpreted as the market factor, same as the PCA1 of bonds of different durations

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