投资学英文第7版TestBank谜底chap009[新版]

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D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界A)unique risk. 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界B)beta. 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界C)standard deviation of returns. 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界D)variance of returns. 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界E)none of the above. 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界Answer: B Difficulty: Easy 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界Rationale: Once, a portfolio is diversified, the only risk remaining is systematic risk, which is measured by beta.投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界2.According to the Capital Asset Pricing Model (CAPM) a well diversified portfolios rate of return is a function of 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界A)market risk 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界B)unsystematic risk 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界C)unique risk. 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界D)reinvestment risk. 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界E)none of the above. 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界Answer: A Difficulty: Easy 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界Rationale: With a diversified portfolio, the only risk remaining is market, or systematic, risk. This is the only risk that influences return according to the CAPM.投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界3.The market portfolio has a beta of 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界A)0. 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界B)1. 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界C)-1. 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界D)0.5. 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界E)none of the above 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界Answer: B Difficulty: Easy 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界Rationale: By definition, the beta of the market portfolio is 1.投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界4.The risk-free rate and the expected market rate of return are 0.06 and 0.12, respectively. According to the capital asset pricing model (CAPM), the expected rate of return on security X with a beta of 1.2 is equal to 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界A)0.06. 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界B)0.144. 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界C)0.12. 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界D)0.132 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界E)0.18 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界Answer: D Difficulty: Easy 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界Rationale: E(R) = 6% + 1.2(12 - 6) = 13.2%.投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界5.The risk-free rate and the expected market rate of return are 0.056 and 0.125, respectively. According to the capital asset pricing model (CAPM), the expected rate of return on a security with a beta of 1.25 is equal to 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界A)0.1225 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界B)0.144. 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界C)0.153. 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界D)0.134 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界E)0.117 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界Answer: A Difficulty: Easy 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界Rationale: E(R) = 5.6% + 1.25(12.5 - 5.6) = 14.225%.投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界6.Which statement is not true regarding the market portfolio? 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界A)It includes all publicly traded financial assets. 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界B)It lies on the efficient frontier. 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界C)All securities in the market portfolio are held in proportion to their market values. 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界D)It is the tangency point between the capital market line and the indifference curve. 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界E)All of the above are true. 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界Answer: D Difficulty: Moderate 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界Rationale: The tangency point between the capital market line and the indifference curve is the optimal portfolio for a particular investor.投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界7.Which statement is not true regarding the Capital Market Line (CML)? 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界A)The CML is the line from the risk-free rate through the market portfolio. 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界B)The CML is the best attainable capital allocation line. 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜业筷欲粗界C)The CML is also called the security market line. 投资学英文第7版TestBank答案chap009Chapter 9 The Capital Asset Pricing Model203Multiple Choice Questions1.In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A)unique risk. B)beta. C)standard deviation of returns. D)v酝乞赡堑傲论氖贺凛厨壶话嗽淳示息寞拱腑嘴烛颊按每飘绿职塔菲珐缓柒剖疵釜拷筛峙儒断碴窝牙崩路组瞩柒价爸抄赐伟袖讣刻贯毕膜