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Basic Question 10 of 11
CAPM assumes that all investors ______
II. are utility-maximizing.
III. have the same degree of risk aversion.
IV. are rational.
I. are risk-averse.
II. are utility-maximizing.
III. have the same degree of risk aversion.
IV. are rational.
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| User | Comment |
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| khalifa92 | tw markowitz is jewish |
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Learning Outcome Statements
explain the capital asset pricing model (CAPM), including its assumptions, and the security market line (SML)
calculate and interpret the expected return of an asset using the CAPM
CFA® 2025 Level I Curriculum, Volume 2, Module 2.