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In the context of the CML, the market po...

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题目

In the context of the CML, the market portfolio includes:

选项

A.12-18 stocks needed to provide maximum diversification

B.all existing risky assets

C.risky stocks and bonds only

D.the risk-free asset

答案

B

解析

The market portfolio has to contain all the stocks, bonds, and risky assets in existence. Because this portfolio has all risky assets in it, it represents the ultimate or completely diversified portfolio.市场投资组合必须包含所有存在的股票,债券和风险资产。 因为此投资组合中包含所有风险资产,所以它代表了最终的或完全分散的投资组合。