A. Lower reward-to-variability ratio of portfolio Y implies that its capital allocation line is steeper than that of X. (4 points) (TRUE/FALSE) B. CAL X will plot above CALY. (TRUE/FALSE) (4 points) C. Combination of portfolio Y and risk-free asset will provide lower expected return for any level of risk than combination of portfolio X and risk-free asset. (2 points) (TRUE/FALSE)