NO.PZ2018070201000109
问题如下:
If an analyst estimates an asset's return higher than the expected return calculated by the capital asset pricing model, the asset should be:
选项:
A.overvalued.
B.undervalued.
C.properly valued.
解释:
B is correct.
An asset could be considered as undervalued if its estimated return is above the SML (the expected return).
为什么Return高还是被低估?