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Which of the following statements is correct? The characteristic line cannot be downward-sloping. O The characteristic line is a straight line, but the efficient frontier

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Which of the following statements is correct? The characteristic line cannot be downward-sloping. O The characteristic line is a straight line, but the efficient frontier is not. O The security market line is a straight line, but the characteristic line is not. The security market line is downward-sloping. O The efficient frontier is a straight line, but the capital market line is not

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