2. Two portfolio managers are discussing modern portfolio theory. Manager A states that the objective of Markowitz

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2. Two portfolio managers are discussing modern portfolio theory.

Manager A states that the objective of Markowitz portfolio analysis is to construct a portfolio that maximizes expected portfolio return for a given level of portfolio risk. Manager B disagrees, believing that the objective is to construct a portfolio that minimizes portfolio risk for a given level of expected portfolio return. Which portfolio manager is correct?

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Foundations Of Global Financial Markets And Institutions

ISBN: 9780262039543

5th Edition

Authors: Frank J. Fabozzi, Frank J. Jones, Francesco A. Fabozzi, Steven V. Mann

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