Why are all returns on the CML perfectly negative correlated with the SDF?

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A First Course in Quantitative Finance

ISBN: 978-1108419574

1st edition

Authors: Thomas Mazzoni

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Question Posted: Dec 17, 2018 04:43 AM

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Why are all returns on the CML perfectly negative correlated with the SDF?

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Recall that uC t and R MP are perfectly negative correlated On ...View the full answer

A First Course in Quantitative Finance

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