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In a highly competitive financial market, securities are often traded below its intrinsic value in order to encourage trading and attract liquidity. Is this statement

In a highly competitive financial market, securities are often traded below its intrinsic value in order to encourage trading and attract liquidity. Is this statement true or false? Explain Tangency portfolio Mean-Variance dominates other portfolios on the efficient section of the investment opportunity set because it has the highest Sharpe ratio. Is this statement true or false? Explain

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