单选题
Which of the following about the description of the security market line (SML) is false?
A. The SML will shift downward in a parallel fashion if inflation expectations increase.
B. The SML will shift upward in a parallel fashion if capital markets tighten.
C. The SML will rotate counterclockwise if risk perception increase.
A
B
C
D
【正确答案】
A
【答案解析】
The SML will shift upward in parallel fashion, if inflation expectations increase.
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