Reading50第41题老师讲解：SML和CML不对非系统性风险进行补偿，这和第13题market model 对系统性风险和非系统风险进行补偿有冲突吗？什么是market model?

- Q25 决定单个资产期望收益的最主要因素是beta，如何理解With respect to the capital asset pricing model, the primary determinant ofexpected return of an individual asset is the:A asset’s beta.B market risk premium.C asset’s standard deviation.

- Q24 资本市场理论，什么叫被正确的定价？With respect to capital market theory, correctly priced individual assets can beplotted on the:A capital market line.B security market line.C capital allocation line.

- Q23证券特征线为什么不是CAPM模型？The graph of the capital asset pricing model is the:A capital market line.B security market line.C security characteristic line.

With respect to return-generating models, the slope term of the market model is an estimate of the asset’s:A total risk.B systematic risk.C nonsystematic risk. return-generating models 是什么？market model是什么？这个是新考纲的内容吗？

老师这题A不对的理由

14 The sum of an sset’s systematic variance and its nonsystematic variance ofreturns is equal to the asset’s:A beta.B total risk.C total variance.- Q14为什么用方差代表系统性风险和非系统性风险？

With respect to capital market theory, the optimal risky portfolio:A is the market portfolio.B has the highest expected return.C has the lowest expected variance.如何理解根据资本市场理论，最优风险组合是市场组合

Which of the following statements most accurately defines the market portfolio capital market theory? The market portfolio consists of all：A risky assets.B tradable assets.C investable assets. A is correct. The market includes all risky assets, or anything that has valuehowever, not all assets are tradable, and not all tradable assets are investable.能用具体的例子解释一下B和C吗

security characteristic line2022年的新考纲还有吗