问题如下:
Which of the following statements is correct?
选项:
A.The security characteristic line's slope is an asset's beta.
B.The security characteristic line's slope is an asset's excess return.
C.The security characteristic line's slope is an asset's risk premium.
解释:
A is correct.
The security characteristic line is a plot of the excess return of the security on the excess return of the market. The slope of SCL is the asset's beta.
请问:根据之前做的习题答案,为什么ecurity characteristic line的斜率是beta,而security market line的斜率是E(RM)-Rf?