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The change from a straight to a kinked capital allocation line reflects: A) reward-to-volatility ratio decreasing. B) lending rate exceeding borrowing rate. C) investors risk

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The change from a straight to a kinked capital allocation line reflects: A) reward-to-volatility ratio decreasing. B) lending rate exceeding borrowing rate. C) investors risk tolerance decreasing. D) increase in the portfolio proportion of the risk-free asset

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