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Please solve & if possible explain what a dominated asset is. Consider the following four assets. Which asset is clearly a dominated asset (in Markowitz

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Please solve & if possible explain what a "dominated asset" is.

Consider the following four assets. Which asset is clearly a "dominated asset" (in Markowitz terms)? Portfolio w x Y z Expected Return 9% 5% 15% 12% Standard Deviation 21% 7% 36% 15% Z O w Y

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