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The separation property refers to the conclusion that... Select one: a . the determination of the optimal risky portfolio is universal, and the choice of
The separation property refers to the conclusion that...
Select one:
a the determination of the optimal risky portfolio is universal, and the choice of the optimal complete portfolio is individual.
b the choice of the optimal complete portfolio is universal, and the determination of the optimal risky portfolio is individual.
c the choice of inputs to be used to determine the efficient frontier is universal, and the choice of the optimal CAL is individual.
d the determination of the optimal CAL is universal, and the choice of the inputs to be used to determine the efficient frontier is individual.
e investors are separate beings and will, therefore, have different preferences regarding the riskreturn tradeoff.
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