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

 True or False and Explain. Projected first principal component [PCAl] of

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

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