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](https://s3.amazonaws.com/si.experts.images/answers/2024/06/667f28860d750_477667f2885f0c2c.jpg)
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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