问题如下图:
选项:
A.
B.
C.
解释:
老师能解释下这道题是哪个考点吗 ?答案解释不觉得是c选项内容呢
Shimin_CPA税法主讲、CFA教研 · 2018年08月28日
C考的是CAPM的假设。CAPM的假设说,所有投资者都有相同的预期homogeneous expectation,所以他们对所有股票的估值都相同,最后买的投资组合也相同,optimal risk portfolio= market portfolio。
A选项的说法不严谨,风险厌恶型的投资者既可以投资无风险资产,又可以通过无风险利率融资(borrow at risk-free rate)再去投资风险资产,所以不一定是持有risk-free asset,也可以是通过举杠杆获得risk-free asset。
B选项CAPM是用beta衡量的,不是standard devation
NO.PZ2015121802000051 问题如下 Whiof the following statement is most accurate about the capitasset pricing mol (CAPM)? A.risk-averse investor shoulleast holsome of the risk-free asset in his portfolio. B.A high-risk stowhiis measurestanrviation of returns will have high expectereturns in equilibrium. C.All investors who take on risk will holthe inticrisky asset in their portfolios. C is correct.Statement C is one of the CAPM's assumptions. A risk-averse investor woulaccept more risk only when a higher expectereturn is guarantee The CAPM assumes all investors are risk-averse. 可以一下这个题吗
NO.PZ2015121802000051问题如下Whiof the following statement is most accurate about the capitasset pricing mol (CAPM)?A.risk-averse investor shoulleast holsome of the risk-free asset in his portfolio.B.A high-risk stowhiis measurestanrviation of returns will have high expectereturns in equilibrium.C.All investors who take on risk will holthe inticrisky asset in their portfolios.C is correct.Statement C is one of the CAPM's assumptions. A risk-averse investor woulaccept more risk only when a higher expectereturn is guarantee The CAPM assumes all investors are risk-averse. B虽然是beta衡量,但是beta不是也跟s关吗?风险越高,beta越大,算出来的return不是越高吗?
NO.PZ2015121802000051问题如下Whiof the following statement is most accurate about the capitasset pricing mol (CAPM)?A.risk-averse investor shoulleast holsome of the risk-free asset in his portfolio.B.A high-risk stowhiis measurestanrviation of returns will have high expectereturns in equilibrium.C.All investors who take on risk will holthe inticrisky asset in their portfolios.C is correct.Statement C is one of the CAPM's assumptions. A risk-averse investor woulaccept more risk only when a higher expectereturn is guarantee The CAPM assumes all investors are risk-averse. B的问题是什么意思,为什么错?C跟课本的假设也不一样啊,觉得解析不对,课本上没有说风险爱好者要持有同样资产吧?
NO.PZ2015121802000051 问题如下 Whiof the following statement is most accurate about the capitasset pricing mol (CAPM)? A.risk-averse investor shoulleast holsome of the risk-free asset in his portfolio. B.A high-risk stowhiis measurestanrviation of returns will have high expectereturns in equilibrium. C.All investors who take on risk will holthe inticrisky asset in their portfolios. C is correct.Statement C is one of the CAPM's assumptions. A risk-averse investor woulaccept more risk only when a higher expectereturn is guarantee The CAPM assumes all investors are risk-averse. C可不可以翻译成,所有承担风险的投资者都持有一样的风险资产。这句话不太理解,为什么会持有相同的资产呢?具体对应capm的哪一个假设?
NO.PZ2015121802000051 问题如下 Whiof the following statement is most accurate about the capitasset pricing mol (CAPM)? A.risk-averse investor shoulleast holsome of the risk-free asset in his portfolio. B.A high-risk stowhiis measurestanrviation of returns will have high expectereturns in equilibrium. C.All investors who take on risk will holthe inticrisky asset in their portfolios. C is correct.Statement C is one of the CAPM's assumptions. A risk-averse investor woulaccept more risk only when a higher expectereturn is guarantee The CAPM assumes all investors are risk-averse. 老师您好,看了其他对A的解答,还是不太清楚。可以请老师再一下,A为什么错可以吗?谢谢老师。