QUESTION 2

1. Which is false about the Markowitz efficient frontier?

	a.	The Markowitz efficient frontier is composed of portfolios that investors will find superior, given assumptions of rationality and risk aversion.
	b.	The Markowitz efficient frontier is a graph that plots the efficient solution set to a given set of mean-variance parameters.
	c.	The Markowitz efficient frontier will contain two portfolios with the same standard deviation if they have different expected returns.