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Under the CAPM, the following are true: I. The true Market Portfolio is composed of all traded and non - traded assets in the world
Under the CAPM, the following are true:
I. The true Market Portfolio is composed of all traded and nontraded assets in the world
II The true Market Portfolio is represented by the Standard & Poor's Stock Index
III. The true Market Portfolio is perfectly correlated with the Standard & Poor's Stock Index
IV The Market Portfolio and the Tangency Portfolio are one and the same
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