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6 6 Copyright © Michael R. Roberts 11 What is the Tangency Portfolio? zTo identify the tangency portfolio, we need for every risky investment » expected returns What is CAPM? The Capital Asset Pricing Model (CAPM) is a model that describes the relationship between the expected return Expected Return The expected return on an investment is the expected value of the probability distribution of possible returns it can provide to investors. The return on the investment is an unknown variable that has different values associated with different CAPM PDF Dumps For The Preparation Of PMI CAPM Exam. If you find yourself really busy in your job, then you should check out our PMI-100 CAPM PDF dumps that will help you prepare for the exam. It is always necessary for you to focus on the details that will allow you to come up with a great solution. PDF | What is the relationship between the risk and expected return of an investment?