A security has an expected return that is equal to the risk-free rate when: The correlation between
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Question:
A security has an expected return that is equal to the risk-free rate when:
The correlation between its return and the market portfolio return is negative
None of the above
Its return is uncorrelated with the market portfolio return
The correlation between its return and the market portfolio return is less than 1
A security can never have an equilibrium expected return equal to the risk-free ra
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