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Carefully explain what is meant by the efficient frontier? Of what significance is it to investors? What does it mean if a portfolio is on

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Carefully explain what is meant by the efficient frontier? Of what significance is it to investors? What does it mean if a portfolio is on the efficient frontier? Make sure to indicate the significance of a negative covariance and/or correlation coefficient. Why does the graph have the shape that is does. Carefully, explain your answer. Include graphs in your explanation. Also, carefully explain

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