单选题
According to capital asset pricing model( CAPM), if an investor holds a portfolio that lies on the capital market line(CML) to the right of the market portfolio, that investor should expect that his portfolio will: A. earn less return than on the market portfolio. B. earn more return than on the market portfolio. C. have less systematic risk than the market portfolio.
【正确答案】
B
【答案解析】The risk considered in the capital market line include systematic risk and unsystematic risk. When the portfolio lies on the right of market portfolio, the portfolio will earn more return than market portfolio.