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The change from a straight to a kinked capital allocation line is a result of the: Increase in the portfolio proportion of the risk-free asset
The change from a straight to a kinked capital allocation line is a result of the: Increase in the portfolio proportion of the risk-free asset a. Investor's risk tolerance decreasing Ob. Borrowing rate exceeding the risk-free interest rate Od. Reward-to-volatility (Sharpe) ratio increasing
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