1215

For an investor to move further up the Capital Market Line than the market portfolio, the investor must:

A) borrow and invest in the market portfolio.

B) diversify the portfolio even more.

C) reduce the portfolio's risk below that of the market.

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Portfolios that lie to the right of the market portfolio on the capital market line ("up" the capital market line) are created by borrowing funds to own more than 100% of the market portfolio (M).

The statement, "diversify the portfolio even more" is incorrect because the market portfolio is fully diversified.

1215

In the context of the CML, the market portfolio includes:

A) all existing risky assets.

B) 12-18 stocks needed to provide maximum diversification.

C) the risk-free asset.

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The market portfolio has to contain all the stocks, bonds, and risky assets in existence. Because this portfolio has all risky assets in it, it represents the ultimate or completely diversified portfolio.

1215

What is the risk measure associated with the CML?

A) Beta.

B) Market risk.

C) Standard deviation.

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In the context of the CML, the measure of risk (x-axis) is total risk, or standard deviation. Beta (systematic risk) is used to measure risk for the security market line (SML).

ghij461

2001年我在道县富塘渔场买了一宗土地，11年来道县国土局一直未发国土证给我。但是与我同时期，以同样方式买地的人，道县国土局却办理了国土证，有的已建房入住已多年。

     请大家看视频与证据。

     请大家看天涯论坛  http://www.tianya.cn/techforum/content/828/1/188712.shtml

     对于法院的一审结果，我想说的是，行政诉讼法不是政府做秀的手段，实事证据摆在那里，法院不对具体行政行为进行审查，而以“事实与原告没有利害关系为由，不具有原告诉讼主体资格”驳回起诉。

     建好5年的房屋地基给别人损毁了，还与我没有利害关系。哪什么叫利害关系？

     真是应了广大网民的一句话。“你跟政府讲法律，政府跟你耍流氓。”

     目前我已上诉，请广大网民支持。

     视频地址如下：

     搜狐视频   Flash: http://share.vrs.sohu.com/my/v.swf&id=6071609&skinNum=2&topBar=1
     
     新浪视频