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Which of the following is NOT an assumption of the CAPM? a. Lending and borrowing (at the same rate) is allowed. b. All investors use

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Which of the following is NOT an assumption of the CAPM? a. Lending and borrowing (at the same rate) is allowed. b. All investors use the same analytical tools, and therefore arrive at t portfolio opportunity sets. c. All assets are publicly owned and traded. d. There are no taxes. e. All investors have the same degree of risk aversion

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