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please do it correctly will upvote Problem 1 Explain in detail how to derive the fund separation result from week 2. Explain what happens to

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please do it correctly will upvote

Problem 1 Explain in detail how to derive the fund separation result from week 2. Explain what happens to the efficient set of portfolios by allowing for lending/borrowing at the risk free rate. Explain why the CAPM assumptions implies that the market portfolio is efficient. Problem 1 Explain in detail how to derive the fund separation result from week 2. Explain what happens to the efficient set of portfolios by allowing for lending/borrowing at the risk free rate. Explain why the CAPM assumptions implies that the market portfolio is efficient

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