With respect to the capital market line, a portfolio on the CML with returns less than the

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With respect to the capital market line, a portfolio on the CML with returns less than the returns on the market portfolio represents a(n):

A. Lending portfolio.

B. Borrowing portfolio.

C. Unachievable portfolio.

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Investments Principles Of Portfolio And Equity Analysis

ISBN: 9780470915806

1st Edition

Authors: Michael McMillan, Jerald E. Pinto, Wendy L. Pirie, Gerhard Van De Venter, Lawrence E. Kochard

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