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The optimal risky portfolio maximizes the____________ of the portfolio. [I] expected return [II] Sharpe ratio [III] downside risk protection a. I only b. II only

The optimal risky portfolio maximizes the____________ of the portfolio. [I] expected return [II] Sharpe ratio [III] downside risk protection

a. I only

b. II only

c. III only

d. I and II

e. I, II, and III

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