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9. Utility Curves are concave / convex when viewed from above. Which is it? 10. An aggressive, risk-taking investor will have a steep / shallow

9. Utility Curves are concave / convex when viewed from above. Which is it?

10. An aggressive, risk-taking investor will have a steep / shallow Utility Curve. Which is it?

11. True or False: If markets are perfectly efficient, there can be little or no reason at all for portfolio management.

12. True or False: (Tobins) Separation Theorem introduced a risk-free asset to Markowitz framework.

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