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The security market line (SML) is a. also called the capital allocation line. b. the line that describes the expected return-beta relationship for well-diversified portfolios

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The security market line (SML) is a. also called the capital allocation line. b. the line that describes the expected return-beta relationship for well-diversified portfolios only. c. All of the options. d. a line that has a slope equal to the risk premium of the market portfolio. e. the line that is tangent to the efficient frontier of all risky assets

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