Expected Returns and Risk Adjustment Explained

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Question:

The expected return on different assets, after adjusting for risk, will be equal to zero.

False

True

Answer:

False.

The expected return on different assets, after adjusting for risk, is not necessarily equal to zero. In finance, the expected return is typically related to the level of risk associated with the asset. Higher-risk assets are expected to provide higher returns to compensate investors for taking on that additional risk. This relationship is often described by models such as the Capital Asset Pricing Model (CAPM), which suggests that the expected return on an asset is proportional to its systematic risk (beta). Therefore, while the risk-adjusted return can be zero in some specific cases (like in a perfectly efficient market with no arbitrage opportunities), it is not a general rule that applies to all assets.