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Describe CAPM and how it can be used to to manage portfolio risk...? How is CAPM used by investors to manage portfolio risk as well

Describe CAPM and how it can be used to to manage portfolio risk...?

How is CAPM used by investors to manage portfolio risk as well as how they can create portfolios tailored to the investors exact risk tolerance level..?

Include Sources... Base answers upon the work of Markowitz and Sharpe/Litner..

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