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Suppose that the universe of available risky securities consists of a large number of stocks, identically distributed with () = 15% and = 60%, and

Suppose that the universe of available risky securities consists of a large number of stocks, identically distributed with () = 15% and = 60%, and a common correlation of = .05

(d) If T-bills are available and yield 8%, what is the slope of the CML?

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