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a. The graph above shows the efficient frontier theory that was developed by Nobel Laurate, Harry Markowitz, way back in 1952.Briefly explain the risk- return

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a. The graph above shows the efficient frontier theory that was developed by Nobel Laurate, Harry Markowitz, way back in 1952.Briefly explain the risk- return profile for "risk-averse" investors with regard to portfolio efficient frontier theory (4 marks). b. Critically analyse the Modigliani &Miller (MM) Theorem of Capital structure and Pecking Order Theory of Capital Structure (4 marks) Risk (Standard Deviation) Expected Returns Efficient Frontier

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