NO.PZ2015121801000101
问题如下：
With respect to the capital asset pricing model, the market risk premium is:
选项：
A.
less than the excess market return.
B.
equal to the excess market return.
C.
greater than the excess market return.
解释：
B is correct.
In the CAPM, the market risk premium is the difference between the return on the market and the risk-free rate, which is the same as the return in excess of the market return.
那 E(Ri)-Rf 是个股的叫 excess return？题目问的是市场的excess market return是固定的一个数？
