An investor who wishes to form a portfolio that lies to theleft of the optimal risky portfolio on the Capital Allocation Line must (please also explain why):

Select one:

a. lend some of her money at the risk-free rate and invest the remainder in the optimal risky portfolio.

b. invest only in risky securities.

c. lend some of her money at the risk-free rate and invest the remainder in the optimal risky portfolio, and the investor must invest in both the riskless and risky securities.

d. borrow some money at the risk-free rate and invest in the optimal risky portfolio, and the investor must invest in both riskless and risky securities.

e. such a portfolio cannot be formed.

f. lend some of her money at the risk-free rate and invest the remainder in the optimal risky portfolio, and the investor must invest only in risky securities.

g. borrow some money at the risk-free rate and invest in the optimal risky portfolio.

h.borrow some money at the risk-free rate and invest in the optimal risky portfolio, and the investor must invest only in risky securities.