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An investor who picks a portfolio by throwing darts at the financial pages:a . believes that riskier portfolios earn the same as less risky portfolios.b

An investor who picks a portfolio by throwing darts at the financial pages:a

.

believes that riskier portfolios earn the same as less risky portfolios.b

.

believes that efficient markets will protect the portfolio from harm as all information is priced.c

.

does so because stock prices do not matter; only cash flow generated matters.d

.

All of the above.

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