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16. Which of the following is FALSE about the Capital Allocation Line (CAL)? (a) It represents all possible risk and return combinations of the complete

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16. Which of the following is FALSE about the Capital Allocation Line (CAL)? (a) It represents all possible risk and return combinations of the complete portfolio consisting of one risk free asset and one risky asset. (b) Every point on CAL has the same Sharpe ratio. (c) Every point on CAL could be the choice for a particular investor with her degree of risk aversion. (a) None of the above

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