Efficient portfolios of N risky securities are portfolios that

Group of answer choices

have the highest rates of return for a given level of risk.

have the lowest standard deviations and the lowest rates of return.

are selected from those securities with the lowest standard deviations regardless of their returns.

have the highest risk and rates of return and the highest standard deviations.

are formed with the securities that have the highest rates of return regardless of their standard deviations.