单项选择题

Which of the following is least likely an implication of risk aversion for the investment process

A. The capital market line (CML) is upward sloping.
B. The security market line (SML) is upward sloping.
C. The promised yield on AAA bonds is higher than on A bonds.

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热门试题

单项选择题Asset allocation is important in determining overall investment performance because it:

A. helps determine the expected return of the portfolio.
B. determines most of the portfolio’s returns over time.
C. helps determine the standard deviation of the portfolio.

单项选择题Which of the following is NOT an implication of risk aversion for the investment process

A. The security market line is upward sloping.
B. The promised yield on AAA-rated bonds is higher than on A-rated bonds.
C. Investors expect a positive relationship between expected return and expected risk.