开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)｜3.2.5(安卓)APP下载

返回

lanlanlanlan · 2023年07月23日

CAL是risk free asset 和market portfolio 组成的线，假设就是所有投资者的expectation

  1. CFA I
  2. Portfolio

NO.PZ2015121801000077

问题如下：

With respect to capital market theory, an investor’s optimal portfolio is the combination of a risk-free asset and a risky asset with the highest:

选项：

A.

expected return.

B.

indifference curve.

C.

capital allocation line slope.

解释：

B  is correct.

Investors will have different optimal portfolios depending on their indifference curves. The optimal portfolio for each investor is the one with highest utility; that is, where the CAL is tangent to the individual investor’s highest possible indifference curve.

CAL是risk free asset 和market portfolio 组成的线，假设就是所有投资者的expectation return 相同，那为什么还会跟不同投资者的indifferent line 有关呢

添加评论
1 个答案

Kiko_品职助教 · 2023年07月25日

嗨，爱思考的PZer你好：


combination of a risk-free asset and a risky asset 描述的就是cal线，题干问的是对于一个单独的投资者其最优投资组合是什么线和 cal线的交点。投资者无差异曲线和cal曲线相切的点是optimal portfolio,所以这道题选无差异曲线。

假设所有投资者的expectation return 相同，那么就是CML了。这跟这道题没有关系。

----------------------------------------------
就算太阳没有迎着我们而来，我们正在朝着它而去，加油！

  • 1

    回答

  • 0

    关注

  • 394

    浏览
相关问题

NO.PZ2015121801000077问题如下With respeto capitmarket theory, investor’s optimportfolio is the combination of a risk-free asset ana risky asset with the highest:A.expectereturn.B.infferencurve.C.capitallocation line slope.is correct.Investors will have fferent optimportfolios penng on their infferencurves. The optimportfolio for eainvestor is the one with highest utility; this, where the Cis tangent to the inviinvestor’s highest possible infferencurve.CAL和CML主要有什么不同呢，看完讲义有些模糊

2024-07-30 13:33 1 · 回答

NO.PZ2015121801000077 问题如下 With respeto capitmarket theory, investor’s optimportfolio is the combination of a risk-free asset ana risky asset with the highest: A.expectereturn. B.infferencurve. C.capitallocation line slope. is correct.Investors will have fferent optimportfolios penng on their infferencurves. The optimportfolio for eainvestor is the one with highest utility; this, where the Cis tangent to the inviinvestor’s highest possible infferencurve. 这里的无差异曲线是平行上下移动的。可以左右平移吗？比如一个人有多个切点？相同预期就是CML，那么CML切点这个点是代表无差异曲线都相同？那CML这条线和无差异曲线的不同切点是代表说明啥？

2024-07-28 17:30 1 · 回答

NO.PZ2015121801000077 问题如下 With respeto capitmarket theory, investor’s optimportfolio is the combination of a risk-free asset ana risky asset with the highest: A.expectereturn. B.infferencurve. C.capitallocation line slope. is correct.Investors will have fferent optimportfolios penng on their infferencurves. The optimportfolio for eainvestor is the one with highest utility; this, where the Cis tangent to the inviinvestor’s highest possible infferencurve. Q:unr Cor CML, 组合中的 risky asset，if line slope high 不是就意味着该风险资产夏普比率高么，单位风险报酬高我想着整个组合就是最优组合。请老师指教，谢谢！

2024-03-14 23:54 1 · 回答

NO.PZ2015121801000077 问题如下 With respeto capitmarket theory, investor’s optimportfolio is the combination of a risk-free asset ana risky asset with the highest: A.expectereturn. B.infferencurve. C.capitallocation line slope. is correct.Investors will have fferent optimportfolios penng on their infferencurves. The optimportfolio for eainvestor is the one with highest utility; this, where the Cis tangent to the inviinvestor’s highest possible infferencurve. 为啥是最高的无差异曲线，不是还可以加杠杆吗。无差异曲线怎么区别高低？

2024-03-05 20:30 4 · 回答

NO.PZ2015121801000077问题如下With respeto capitmarket theory, investor’s optimportfolio is the combination of a risk-free asset ana risky asset with the highest:A.expectereturn.B.infferencurve.C.capitallocation line slope.is correct.Investors will have fferent optimportfolios penng on their infferencurves. The optimportfolio for eainvestor is the one with highest utility; this, where the Cis tangent to the inviinvestor’s highest possible infferencurve.涉及哪个知识点。。。

2023-09-16 14:31 1 · 回答