The follow question is exam question,, please help me to answer it. I think If you can provide point form if some important will be better. The words limit should around 1100-1200 should be aright. I just get 40 mins to answer it, write clear for each point. 1. “To someone who came out of graduate school in the mid-eighties, the decade spanning roughly 1969-79 seems like a golden age of dynamic asset pricing theory….The decade or so since 1979 has, with relatively few exceptions, been a mopping-up operation” (Duffie (1992) in J.Y. Campbell, 2000 p 1515). “Without denying the extraordinary accomplishments of the earlier period the last 25 years have also been highly productive” (Campbell, 2000) Discuss what you believe to be the three main developments in asset pricing during the last 25 years. Discuss important issues which remain as challenges for the future.