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Which of the following is/are subjective, according to the separation property of the asset allocation? Select one or more: A. Determination of the efficient frontier

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Which of the following is/are subjective, according to the separation property of the asset allocation? Select one or more: A. Determination of the efficient frontier B. Choice of the optimal complete portfolio C. Determination of the optimal risky portfolio D. Capital allocation between a risk-free asset and the optimal risky portfolio E. Determination of the best CAL

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