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Why is the CAL Optimal labeled as optimal? Group of answer choices Because it connects with the portfolio that has the lowest level of risk
Why is the CALOptimal labeled as "optimal"?
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Because it connects with the portfolio that has the lowest level of risk for a given investment opportunity set.
Because it connects with the portfolio that has the highest level of return for a given investment opportunity set.
Because it connects with the portfolio that has the highest risk-adjusted return for a given investment opportunity set.
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