NO.PZ2015121801000098
问题如下:
With respect to capital market theory, correctly priced individual assets can be plotted on the:
选项:
A.capital market line.
B.security market line.
C.capital allocation line.
解释:
B is correct.
The security market line applies to any security, efficient or not. The CAL and the CML use the total risk of the asset (or portfolio of assets) rather than its systematic risk, which is the only risk that is priced.
With respect to capital market theory, correctly priced individual assets can be plotted on the:
这道题我大致了解,它提到定价,correctly priced的意思就是它的expected return是合理的,也就是把所有非系统风险都给分散掉了,而只补偿了系统性风险。所以它在SML上,因为横坐标是Beta, 代表补偿系统性风险。
我不懂的是capital market theory这种说法有具体的指代性吗?cal,cml,capm都带capital. 之前没看到过这种说法。