Given $100 000 to invest, what is the expected risk premium in dollars of investing in equities versus risk-free T-bills(U.S. Tr

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问题 Given $100 000 to invest, what is the expected risk premium in dollars of investing in equities versus risk-free T-bills(U.S. Treasury bills) based on the following table?______.

选项 A、$20 000
B、$18 000
C、$15 000
D、$13 000

答案D

解析 答案为D项。risk premium“风险溢价”,高于无风险收益率的那部分收益。本题中,无风险收益率(即美国国库券投资收益率)=$5 000投资于股票的预期回报率=0.6×$50 000+0.4×(一$30 000)=$18 000,因此,风险溢价=$18 000一$5 000=$13 000。故本题选D项。
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