26. The separation property refers to the conclasion that A the determination of the best risky pordolio is objective and he choice of the bet complete portfolio is subjective B. the choice of the best compiete porolio is objactive and the determination of de best risky portfolio is objective C the choice of inputs to be used to determine te efficient frotier is objective and the choice of the best CAL is subjective D, the determination of the best CAL is objective and the choice of the inguts to be used to determine the efficient froatier is subjective E investions are separate beings and will therefioe have different preferenes regarding the risk-return tradeot 27. Consider two perfoctly negatively coeltd sky necurities A and & A ha expected rate of renn of 12% .nd . " nded anabon of B5m.- rate of return of 9% a tanlardanuion of 14% The risk-bee portfolio of retarn calefonned witthe two wante wil A.9.5% B. 104% C.109% D, 99% A risky portfolio has an expected retim or 10% and a standard devainofin h yield on the 30day T-Bill is 3% 28. For an investor with a coefficient of risk avension A-3, the ogtimal comp portfolio invests what pencentage of sotal wealth in the rsky pontolio? a. 42% b.58% c. 75% a 126% 29, tr45% of wealth is invested inthe risky portilioand 5min T-81L the standard deviation of the complete portfolio? a.20% b.14% c.9% d.6%