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Basic Question 1 of 5
A security characteristic line is ______
B. a graph of the required return on a security and its systematic risk.
C. the regression line between the excess return on a security and the excess return on the market portfolio.
A. the security market line when expressed in terms of the required return and standard deviation of a security or a portfolio.
B. a graph of the required return on a security and its systematic risk.
C. the regression line between the excess return on a security and the excess return on the market portfolio.
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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
describe and demonstrate applications of the CAPM and the SML
CFA® 2025 Level I Curriculum, Volume 2, Module 2.