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According to Modern Portfolio Theory, which of the following portfolio is not efficient? I. A portfolio that lies below the Efficient Frontier II. A portfolio

According to Modern Portfolio Theory, which of the following portfolio is not efficient? I. A portfolio that lies below the Efficient Frontier

II. A portfolio that lies above the Efficient Frontier

III. A portfolio that lies on the Efficient Frontier

I only

II only

I and II

II and III

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