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A portfolio on the capital allocation or capital market line with returns greater than the returns on the market or optimal risky portfolio represents a
A portfolio on the capital allocation or capital market line with returns greater than the returns on the market or optimal risky portfolio represents a _____________.
A. borrowing portfolio (borrow at the risk-free rate and then buy the risky asset on margin)
B. lending porfolio (buy the risk-free asset, which is lending to the government, in combination with the risky asset)
C. unacheivable portfolio
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