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2. (TCO 7) The capital market line (CML), as defined by the capital asset pricing model, is characterized by all of the following except: (Points
2. (TCO 7) The capital market line (CML), as defined by the capital asset pricing model, is characterized by all of the following except: (Points : 3) a straight line tangent to the efficient frontier. a straight line which includes the rate of return on a risk-free asset. a point on the efficient frontier above which higher returns can be generated by borrowing funds without assuming more risk. All of the above are characteristics of the capital market line
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