Changes in climate including temperature are not uniform across the world when greenhouse gases are increasing. What are some plausible explanations for why climate changes don’t change uniformly across the world? You can choose more than one.多项选择题

A

Climate differs over space

B

Particulates that reflect solar energy vary over space

C

Photosynthesis that uses carbon dioxide varies over time

D

Climate change is fake news

E

Military sites/defense assets vary over space

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Climatic boundaries tend to stay the same from year to year.

For stock A, we have 𝛽 𝑖 = 0.70. Suppose the expected market risk premium next year is 9% and the risk-free rate is 3%. What is the expected return of this stock based on the CAPM? (Please answer in % and round to 2 decimal places. If the answer is 8.057%, then in the box, write 8.06)

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