NO.PZ2024120401000018
问题如下：
In a CAPM that regresses Wells Fargo’s excess returns on the market’s excess returns, the coefficients on monthly data are α = 0.1 and β = 1.2. What is the expected excess return on Wells Fargo when the excess return on the market is 3.5%?
选项：
A.14.2%
B.5.0%
C.3.5%
D.1.2%
解释：
The expected return is 0.1+1.2*3.5%=14.2%. This value is the fitted value from the linear regression when the market return is 3.5%.
这道题放在hypothesis test模块下我知道其实是在考带入回归方程求解。但为什么他会提问expected return呢？正常应该直接问excess return是多少吧？这个最终的问题句怎么理解呢？
