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cherry0540 · 2020年09月01日

问一道题:NO.PZ2018070201000110 [ CFA I ]

问题如下:

Based on capital market theory, as all investors has the homogeneity assumption with same economic expectation of future cash flow for all assets, all the investors is most likely to invest in:

选项:

A.

All investors will invest in the same optimal risky portfolio.

B.

All investors will invest in the Standard and Poor’s 500 Index.

C.

All investors will invest in assets with the same amount of risk.

解释:

A is correct.

According to the homogeneity assumption, all investors have the same economic expectation of future cash flows and would therefore invest in the same optimal risky portfolio, implying the existence of only one optimal portfolio (which is the market portfolio). .

老师,为什么投资者都会投资optimal risky portfolio(market portfolio)? 而不是无差异曲线和CML的切点(optimal portfolio)?
1 个答案

丹丹_品职答疑助手 · 2020年09月02日

嗨,爱思考的PZer你好:


同学你好,注意题干要求all investors has the homogeneity assumption,所以他们的无差异曲线相同,可以认为这两个点是一样的


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