The beta coefficient of an asset can be expressed as a function of the asset's correlation with the market as follows: b1 = piMsigmai/sigmaM Substitute this expression for beta into the Security Market Line (SML), Equation 7-9. This results in an alternative form of the SML. Compare your answer to part a with the Capital Market Line(CML), Equation 7-6. What similarities arc observed? What conclusions can be drawn? The beta coefficient of an asset can be expressed as a function of the asset's correlation with the market as follows: b1 = piMsigmai/sigmaM Substitute this expression for beta into the Security Market Line (SML), Equation 7-9. This results in an alternative form of the SML. Compare your answer to part a with the Capital Market Line(CML), Equation 7-6. What similarities arc observed? What conclusions can be drawn