If there are only a few investors who perform security analysis, and all others hold the market
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If there are only a few investors who perform security analysis, and all others hold the market portfolio, M, would the CML still be the efficient CAL for investors who do not engage in security analysis? Why or why not?
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Related Book For
ISE Investments
ISBN: 9781260571158
12th International Edition
Authors: Zvi Bodie, Alex Kane, Alan Marcus
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