- CFA Exams
- CFA Exam: Level II 2021
- Study Session 9. Equity Valuation (1)
- Reading 25. Return Concepts
- Subject 4. The required return on equity - other models
CFA Practice Question
The factor that is shared between the Fama-French model and the CAPM model is:
B. SMB.
C. HML.
A. RMRF.
B. SMB.
C. HML.
Correct Answer: A
It represents the equity risk premium.
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