单选题
An analyst is investigating the security market line (SML). Given no
major changes in asset risk characteristics, which of the following changes is
most likely to be associated with an increase in the slope of the security
market line?
- A. A decrease in inflation expectations.
- B. An increase in the yield spread between A-rated and B-rated bonds.
- C. A decrease in the yield spread between A-rated and B-rated
bonds.