capital market theory指的是？

问题如下：

According to the capital market theory, if a security is fairly priced, which line it should be plotted on?

选项：

A.

Capital allocation line.

B.

Security market line.

C.

Capital market line.

解释：

B is correct.

The security market line applies to any security. If a security is fairly priced, the security plots on the line. The CAL and the CML use the total risk of the asset (or portfolio of assets) rather than its systematic risk.