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12 According to the CAPM, which of the following is not a true statement regarding the market portfolio. All securities in the market portfolio are

12 According to the CAPM, which of the following is not a true statement regarding the market portfolio. All securities in the market portfolio are held in proportion to their market values. O It lies on the efficient frontier. O It is always the minimum-variance portfolio on the efficient frontier. O It includes all risky assets in the world, including human capital

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