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For the same risky portfolio as in the previous example, suppose the rates that apply for borrowing and lending at the risk free rate are

For the same risky portfolio as in the previous example, suppose the rates that apply for borrowing and lending at the risk free rate are different. Specifically, you earn 7% when you invest at the risk free rate and charged 9% when you borrow at the risk free rate. What does the CAL look like in this case? INDE581:

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