| 1. | We have made very good progress in achieving a balanced market portfolio
我们在均衡市场组合方面取得良好进展。 |
| 2. | Therefore , they require a higher return from the market portfolio than from treasury bills
所以，他们要求从市场投资组合得到一个比短期国库券更高的回报率。 |
| 3. | Markowitz ' s mean - variance model indicates that the optimum risk asset being the market portfolio
Markowitz的均值-方差模型表明，投资者的最优风险资产为市场投资组合。 |
| 4. | In figure 8 . 7 we have plotted the risk and expected return from treasury bills and the market portfolio
在图形8 . 7中我们标出了短期国库券和市场投资组合的风险和期望回报率。 |
| 5. | The capital asset pricing model ( capm ) demonstrates that the market portfolio is essentially the efficient frontier
资本资产定价模式capm证明市场投资组合本质上是有效的边界。 |
| 6. | 24of course , the market portfolio may turn out to be one of the factors , but that is not a necessary implication of arbitrage pricing theory
24当然，市场投资组合可能会是因素之一，但是那不是套利定价理论的一个必需的潜台词。 |
| 7. | But there are so many stocks in the market but investors with only limited capital that it is not practical to invest in the market portfolio
但是市场上股票数量惊人，而投资者的资金有限，因此对市场投资组合进行投资是不现实的。 |
| 8. | Clearly you should use the currently expected rate of return on the market portfolio ; that is the return investors would forgo by investing in the proposed project
很明显你应该用市场组合的当前期望回报率；那就是投资者因投资建议的项目而将放弃的回报。 |
| 9. | We will say that it has the same degree of risk as the market portfolio , although this is speaking somewhat loosely , because the index does not include all risky securities
我们会说它与市场组合有相同程度的风险，尽管这么说有点不严格，因为指数没有包括全部的有风险的证券。 |
| 10. | This raises an important question : the market portfolio is made up of individual stocks , so why doesn ’ t its variability reflect the average variability of its components
这就引发了一个重要的问题：市场组合是由个别股票所构成，所以为什么其变异性没有反映其构成部分（个别股票）的平均变异性？ |
