Q:

$R$ :

S:

$T$ :

U:

b$.$ Using your computations in Part $($a$),$ explain which of these five portfolios is most likely to be the market portfolio. Round your answer to four decimal places.

Portfolio

has the $-$ Select$-4$ ratio of risk premium per unit of risk,

of these five portfolios so it is most likely the market portfolio.

Choose the correct CML graph.

The correct graph is $-$ Select$-.$