单选题 When the market is in equilibrium:
  • A. all assets plot on the SML.
  • B. all assets plot on the CML.
  • C. stock betas converge to one.
【正确答案】 A
【答案解析】When the market is in equilibrium, expected returns equal required returns. Since this means that all assets are correctly priced, all assets plot on the SML. By definition, all stocks and portfolios other than the market portfolio fall below the CML.