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Which of the following is correct if markets are perfectly efficient? 1. All investments earn a zero internal rate of return II. The expected return

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Which of the following is correct if markets are perfectly efficient? 1. All investments earn a zero internal rate of return II. The expected return on an investment will equal its required return III. The reward to risk ratios for all assets are equal IV. Investments may plot above or below the Security Market Line Multiple Choice Il and Ill only II and IV only I and II only O I, II and Ill only I, II, III and IV

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