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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.

borrow at the t-bill rate

b.

borrow and lend at the t-bill rate

c.

short the t-bill

d.

lend at the t-bill rate

e.

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