- CFA Exams
- CFA Level I Exam
- Study Session 18. Portfolio Management (1)
- Reading 53. Portfolio Risk and Return: Part II
- Subject 4. Applications of the CAPM
CFA Practice Question
A security characteristic line graphs a portfolio's ______.
A. required return against beta
B. excess return against the market's excess return
C. required return against standard deviation
Explanation: A is SML. C is CML.
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