Question 5 (16 marks) a. Consider the following statement: The capital market line (CML) a special case of the capital allocation line (CAL) where the portfolio of the risky asset is the market portfolio. Do you agree with this statement? Critically evaluate it in light of the lessons we learn from the CAPM. (9 marks) Justify why do the advocates of behavioural finance contend that the efficient market hypothesis (EMH) is incomplete with an example. (7 marks)