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.
【正确答案】 B
【答案解析】Changes in the slope of the SML demonstrate a change in the attitudes of investors towards risk.