Which of the following factors did Chen, Roll, and Ross include in their multifactor model? A) Change in industrial waste B) Change in expected inflation C) Change in unanticipated inflation D) Change in expected inflation and unanticipated inflation E) All of the factors were included in their model.

Question

Quizplus · Accepted Answer

Chen, Roll, and Ross included the change in expected inflation and the change in unanticipated inflation as well as the excess return of long-term corporate bonds over long-term government bonds in their model.

Which of the Following Factors Did Chen, Roll, and Ross