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If the assumption that there are no transaction costs is relaxed, the SML will be a A. Straight line. B. Band of securities. C. Convex

If the assumption that there are no transaction costs is relaxed, the SML will be a

A.

Straight line.
B.

Band of securities.
C.

Convex curve.
D.

Concave curve.
E.

Parabolic curve.

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