A Study by Chen,Roll,and Ross in 1986 Examined All of the Following

question 20

Multiple Choice

A study by Chen,Roll,and Ross in 1986 examined all of the following factors in applying the Arbitrage Pricing Theory (APT) except the

• A) Return on a market value-weighted return.
• B) Monthly growth rate in U.S. industrial production.
• C) Change in the consumer price index (CPI).
• D) Expected change in the bond credit spread.
• E) All of the above factors were used in their 1986 study.

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