NO.PZ2015121801000109
问题如下：
Analysts who have estimated returns of an asset to be greater than the expected returns generated by the capital asset pricing model should consider the asset to be:
选项：
A.overvalued.
B.undervalued.
C.properly valued.
解释：
B is correct.
If the estimated return of an asset is above the SML (the expected return), the asset has a lower level of risk relative to the amount of expected return and would be a good choice for investment (i.e., undervalued).
这题和经典题的6.3怎么是完全相反的结论呢？
经典题capm算出来收益是12，expected return是15，最后结论是股票低估
这题说capm比expected return大的时候是低谷
到底哪个是对的？？
