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Which one of the following statements is true? Minimum variance portfolio is the best portfolio to invest among all the portfolios on the investment opportunity

Which one of the following statements is true?

Minimum variance portfolio is the best portfolio to invest among all the portfolios on the investment opportunity set.

None of the above/below

An investor's degree of risk aversion will determine his mix of risk-free asset and optimal risky asset

The choice of the optimal risky portfolio on the investment opportunity set is determined by the investors risk aversion.

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