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Question 2 2(a) What relationship is depicted by the Capital Allocation Line CAL? 16 marks 2(b) Use a diagram to explain how the slope of

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Question 2 2(a) What relationship is depicted by the Capital Allocation Line CAL? 16 marks 2(b) Use a diagram to explain how the slope of the CAL is altered when borrowing is possible and assuming that the borrowing and the lending rates are different

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