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17. You are advising a pension fund who is required to have a portfolio risk of 5%. Which of the following would be the portfolio
17. You are advising a pension fund who is required to have a portfolio risk of 5%. Which of the following would be the portfolio optimization problem for constructing their fund? (a) Not enough information (b) Maximize the Sharpe ratio with no additional constraints (c) Minimize the risk needed to get their long-term return target (d) Maximize return subject to a constraint that portfolio volatility is 5% (e) None of the above
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