2008 CFA Level 1 － Sample 样题(2)－Q58 black, style

bingning

58、Which of the following statements about the market portfolio and the capital market line (CML) is least accurate? The market portfolio:

A. assumes an equal amount is invested in each risky asset.

B. bears risk that is related to changes in macroeconomic variables.

C. is perfectly positively correlated with other portfolios on the CML.

D. allows the elimination of all unsystematic risk at every point along the CML.

[此贴子已经被作者于2008-11-7 13:02:35编辑过]

bingning

58、Which of the following statements about the market portfolio and the capital market line (CML) is least accurate? The market portfolio:

A. assumes an equal amount is invested in each risky asset.

B. bears risk that is related to changes in macroeconomic variables.

C. is perfectly positively correlated with other portfolios on the CML.

D. allows the elimination of all unsystematic risk at every point along the CML.

  
Correct answer = A

"An Introduction to Asset Pricing Models," Frank K. Reilly and Keith C. Brown
2008 Modular Level I, Vol. 4, pp. 259-262
Study Session 12-51-b
identify the market portfolio, and describe the role of the market portfolio in the formation of the capital market line (CML)
All risky assets are included in the market portfolio at market value, not in equal amounts. 

fatiger

k

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isaisaisa

b

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up

oleander

a

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tweety0930

[em01]

vivivin

re