罗斯《公司理财》英文习题答案DOCchap011.docVIP

Chapter 11: An Alternative View of Risk and Return: The Arbitrage Pricing Theory 11.1 Real GNP was higher than anticipated. Since returns are positively related to the level of GNP, returns should rise based on this factor. Inflation was exactly the amount anticipated. Since there was no surprise in this announcement, it will not affect Lewis-Striden returns. Interest Rates are lower than anticipated. Since returns are negatively related to interest rates, the lower than expected rate is good news. Returns should rise due to interest rates. The President’s death is bad n