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If an investor has a portfolio that has constant proportions in T-bills and the market portfolio, the portfolio's characteristic line will plot as a line
If an investor has a portfolio that has constant proportions in T-bills and the market portfolio, the portfolio's characteristic line will plot as a line with ; if the investor can time bull markets, the characteristic line will plot as a line with A. a positive slope; a negative slope B. a negative slope; a positive slope C. a constant slope; a negative slope D. a negative slope; a constant slope E. a constant slope; a positive slope 8
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