NO.PZ2018070201000077
问题如下:
Which of the following is the optimal portfolio for a individual investor according to the capital market theory?
选项:
A.
the combination of a risk-free asset and a risky asset with the highest expected return.
B.
the combination of a risk-free asset and a risky asset with the highest indifference curve.
C.
the combination of a risk-free asset and a risky asset with the highest capital allocation line slope.
解释:
B is correct.
Individuals' optimal portfolios is determined by different indifference curves, which delivers the highest utility. So CAL is tangent to the individual investor’s highest possible indifference curve.
CML是无风险资产与有效前沿切点之间的连线,为何不能认为他的斜率相对其他点连线相较斜率最高?