单选题
Which one of the following is least likely one of the assumptions of capital market theory?
A、
Investors have heterogeneous expectations.
B、
Markets are in equilibrium.
C、
There are no taxes or transaction costs involved in buying or selling assets.
【正确答案】
A
【答案解析】
All investors have homogeneous (not heterogeneous) beliefs about the probability distributions of future rates of return.
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