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Which of the following statements regarding the Capital Allocation Line (CAL) is false? Multiple Choice The CAL determines the optimal portfolio of a risk-averse investor.

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Which of the following statements regarding the Capital Allocation Line (CAL) is false? Multiple Choice The CAL determines the optimal portfolio of a risk-averse investor. The slope of the CAL equals the increase in the expected return of the complete portfolio per unit of additional standard deviation. The slope of the CAL is equal to the Sharpe ratio of the risky portfolio. The CAL shows feasible risk-return combinations

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