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5) The efficient frontier represents a set of portfolios that maximize the expected return for a given level of risk. a. True b. False 6)

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5) The efficient frontier represents a set of portfolios that maximize the expected return for a given level of risk. a. True b. False 6) Rational risk-averse investors will prefer portfolios located on the capital market line to those located on the efficient frontier b. False a. True

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