# [Series 65] 42, Capital Asset Pricing Model

Page: https://stenobird.com/podcast/open-exam-prep-7140559/series-65-42-capital-asset-pricing-model
Text version: https://stenobird.com/podcast/open-exam-prep-7140559/series-65-42-capital-asset-pricing-model.md
Podcast: [Open Exam Prep](https://stenobird.com/podcast/open-exam-prep-7140559)
Published: 2026-05-05T01:01:53+00:00
Episode link: https://open-exam-prep.captivate.fm/episode/series-65-42-capital-asset-pricing-model
Audio file: https://episodes.captivate.fm/episode/697d6138-25f3-4b49-89d0-43eeceade377.mp3
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JSON: https://stenobird.com/v1/public/podcasts/open-exam-prep-7140559/episodes/series-65-42-capital-asset-pricing-model
Duration seconds: 156

## Resource

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - How to calculate a security's expected return using the Capital Asset Pricing Model (CAPM) formula. - The roles of the risk-free rate, beta, and the market risk premium in the CAPM calculation. - Why the Security Market Line (SML) is the graphical representation of CAPM. - How to use the SML to determine if a security is undervalued, overvalued, or fairly valued. - To identify common distractor information, like standard deviation, in Series 65 CAPM questions. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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## Transcript

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