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A portfolio is efficient if: No other portfolio offers smaller expected returns with the same risk. No other portfolio offers higher abnormal return with the
A portfolio is efficient if:
| No other portfolio offers smaller expected returns with the same risk. |
| No other portfolio offers higher abnormal return with the same beta. |
| All of the other answers. |
| No other portfolio offers higher systematic risk with the same expected return. |
| None of the other answers |
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