Q1. when a risk-free asset is combined with a portfolio of risky assets. The slope of the capital market line (CML) is a measure of the level of: A) expected return over the level of inflation. B) risk over the level of excess return. C) excess return per unit of risk.
Q2. Which of the following is the vertical axis intercept for the Capital Market Line (CML)? A) Risk-free rate. B) Expected return on the market. C) Expected return on the portfolio.
Q3. According to capital market theory, which of the following represents the risky portfolio that should be held by all investors who desire to hold risky assets? A) Any point on the efficient frontier and to the left of the point of tangency between the CML and the efficient frontier. B) The point of tangency between the capital market line (CML) and the efficient frontier. C) Any point on the efficient frontier and to the right of the point of tangency between the CML and the efficient frontier.
Q4. All portfolios on the capital market line are: A) unrelated except that they all contain the risk-free asset. B) distinct from each other. C) perfectly positively correlated.
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发表于 2009-1-22 10:56
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