22. Draw a diagram of your clients CML, accounting for the higher borrowing rate. Superimpose on it...

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22. Draw a diagram of your client’s CML, accounting for the higher borrowing rate. Superimpose on it two sets of indifference curves, one for a client who will choose to borrow, and one who will invest in both the index fund and a money market fund.

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Related Book For  book-img-for-question

Investments

ISBN: 9780077261450

8th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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