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Which of the following is most likely an incorrect statement? O Finding the optimal risky portfolio (ORP) involves incorporating personal risk preferences. O When constructing

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Which of the following is most likely an incorrect statement? O Finding the optimal risky portfolio (ORP) involves incorporating personal risk preferences. O When constructing a risky portfolio consisting only of risky assets, an investment manager should offer the same risky portfolio to all clients. O The optimal risky portfolio is found at the point of tangency on the line through the risk-free asset and the efficient frontier. O The efficient frontier is the subset of feasible portfolios that offers the maximum return for a given standard deviation

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