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Suppose that the CAPM holds and the expected return on the market portfolio is 10%, the risk-free rate is 4%, the standard deviation of the

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Suppose that the CAPM holds and the expected return on the market portfolio is 10%, the risk-free rate is 4%, the standard deviation of the market portfolio is 16%. What is the expected return on the efficient portfolio with 20% standard deviation? 10%12.5%20%15.5%11.5%

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