What is the significance of the Capital Market Line(in your own words)? To be more specific, what relationship does this line depict(in your own words)? Give a brief discussion(in your own words) on its application.

One important assumption behind portfolio theory is that investors are meanvariance maximizers. What is the meaning of this(in your own words)? Explain(in your own words) why this assumption is important in the delineation of the efficient frontier.