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One of the problems with the CML, stems from the so called separation principle. What is the best solution to that problem? Select one: a.
One of the problems with the CML, stems from the so called "separation principle". What is the best solution to that problem? Select one: a. Zero-beta portfolio b. borrow at the t-bill rate c. lend at the t-bill rate d. short the t-bill e. borrow and lend at the t-bill rate
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