“THE EQUITY RISK PREMIUM,” PAGES 6, 9–12, 14, 15, 17 AND 18, RICHAR...

L3 MOCK SAMPLE EXAM CFA LEVEL III GUIDELINE ANSWERS 2005

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1. “The Equity Risk Premium,” Pages 6, 9–12, 14, 15, 17 and 18, Richard Grinold and

Kenneth Kroner, Investment Insights (Barclays Global Investors, July 2002)