The separation property refers to the conclusion that A the determination of the best risky portfolio is
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Question:
The separation property refers to the conclusion that
A the determination of the best risky portfolio is objective and the choice of the best complete portfolio is subjective.
B the determination of the best CAL is objective and the choice of the inputs to be used to determine the efficient frontier is subjective.
C the choice of inputs to be used to determine the efficient frontier is objective and the choice of the best CAL is subjective.
D the choice of the best complete portfolio is objective and the determination of the best risky portfolio is objective.
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