开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)|3.2.5(安卓)APP下载

· 2021年04月13日

问一道题:NO.PZ2015121801000110 [ CFA I ]

问题如下:

With respect to capital market theory, which of the following statements best describes the effect of the homogeneity assumption? Because all investors have the same economic expectations of future cash flows for all assets, investors will invest in:

选项:

A.

the same optimal risky portfolio.

B.

the Standard and Poor’s 500 Index.

C.

assets with the same amount of risk.

解释:

A  is correct.

The homogeneity assumption refers to all investors having the same economic expectation of future cash flows. If all investors have the same expectations, then all investors should invest in the same optimal risky portfolio, therefore implying the existence of only one optimal portfolio (i.e., the market portfolio).

老师,这个assumption的原理能再解释一下吗?上课时这个点没怎么听懂。

1 个答案

丹丹_品职答疑助手 · 2021年04月14日

嗨,努力学习的PZer你好:


同学你好, 这个假设是指所有投资者对未来现金流具有相同的经济预期:如果所有的投资者都有相同的期望,那么所有的投资者都应该投资于相同的最优风险投资组合,因此意味着只存在一个最优投资组合(即市场投资组合)。请知悉

----------------------------------------------
虽然现在很辛苦,但努力过的感觉真的很好,加油!

  • 1

    回答
  • 0

    关注
  • 603

    浏览
相关问题

NO.PZ2015121801000110 问题如下 With respeto capitmarket theory, whiof the following statements best scribes the effeof the homogeneity assumption? Because all investors have the same economic expectations of future cash flows for all assets, investors will invest in: A.the same optimrisky portfolio. B.the StanranPoor’s 500 Inx. C.assets with the same amount of risk. is correct.The homogeneity assumption refers to all investors having the same economic expectation of future cash flows. If all investors have the same expectations, then all investors shoulinvest in the same optimrisky portfolio, therefore implying the existenof only one optimportfolio (i.e., the market portfolio). 想问下,A是不是就是CML这条线啊,CML这条线上所有的点,是不是有相同的最优风险组合,即这个最优风险组合就是大盘的组合。但是随着每个人的无差异曲线的不同,选择的无风险资产和风险资产的权重不同,所以承担的实际风险量不同。还是说,投资者对所有资产预期相同的话,那么选择的无风险资产和风险资产的权重也会相同,就是只选择切点那个点的组合,而不是CML那条线的组合?

2023-11-02 22:08 1 · 回答

NO.PZ2015121801000110 如题。。。。。。。。。。。。

2021-12-12 11:33 1 · 回答

老师 C还是不太能理解 它表达的意思跟A差不多啊

2020-10-13 17:02 1 · 回答

请问老师,A没有考虑无风险资产,为什么是对的呢?谢谢!    

2019-04-05 18:41 1 · 回答