问题如下:
An analyst gathers the following information:
With respect to the capital asset pricing model, if the expected market risk premium is 6%,the security with the highest expected return is:
选项:
A. Security 1.
B. Security 2.
C. Security 3.
解释:
C is correct.
Security 3 has the highest beta; thus, regardless of the value for the risk-free rate, Security 3 will have the highest expected return: E(Ri) = Rf + βi[E(Rm)–Rf]
题目没有说3个资产的Rf相同呀。说了吗?