Which of the following statements is CORRECT? a. All portfolios that lie on the CML to the right of M are inefficient. b. The

Which of the following statements is CORRECT?

a. All portfolios that lie on the CML to the right of σM are inefficient.

b. The slope of the CML is (M − rRF)/bM.

c. The slope of the CML is (M − rRF)/σM.

d. All portfolios that lie on the CML to the left of σM are inefficient.

e. The Capital Market Line (CML) is a curved line that connects the risk-free rate and the market portfolio.