- CFA Exams
- CFA Level I Exam
- Topic 9. Portfolio Management
- Learning Module 37. Economics and Investment Markets
- Subject 5. Equities and the Equity Risk Premium
CFA Practice Question
Which of the following is likely to exhibit the worst consumption-hedging properties?
B. Long-term AAA corporate bonds
C. Equities
A. Short-term government bonds
B. Long-term AAA corporate bonds
C. Equities
Correct Answer: C
Equities tend not to pay off in bad times.
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