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Which one of the following statements is true? Assuming homogenous expectations, all investors will hold an equal weighted portfolio of all existing securities. The choice

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Which one of the following statements is true? Assuming homogenous expectations, all investors will hold an equal weighted portfolio of all existing securities. The choice of a portfolio along the capital market line is a function of the investor's risk tolerance. A security lying above the SML is overpriced. None of the above statements are true

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