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Which of the following is inconsistent with two-fund separation? An investor does not hold any wealth in the risk-free asset. Two investors hold Tesla and

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Which of the following is inconsistent with "two-fund separation"? An investor does not hold any wealth in the risk-free asset. Two investors hold Tesla and Exxon-Mobil stocks in different relative proportions. An investor shorts the risk-free asset. An investor holds only one-fifth of her wealth in the tangency portfolio

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