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Which of these statements is FALSE? In the CAPM: Each asset has the same Sharpe ratio. The optimal risky portfolio that everyone should invest in

Which of these statements is FALSE? In the CAPM: Each asset has the same Sharpe ratio. The optimal risky portfolio that everyone should invest in is simply the entire market. Every investors optimal risky portfolio will be identical in terms of asset weighting. Passive investing is efficient: there is never any reason to change weights of risky assets

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