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Which of the following statement is correct? APT assumes that investors are rational mean-variance optimizers In an economy that has four risky assets and a

Which of the following statement is correct?

APT assumes that investors are rational mean-variance optimizers

In an economy that has four risky assets and a risk-free asset, the minimum-variance portfolio is the best plausible portfolio

In an economy that has four risky assets and NO risk-free asset, any portfolio under the mean-variance efficiency frontier is the sub-optimal

APT assumes investors are mean-variance optimizers

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