One of the problems with the CML, stems from the so called separation principle. What is the
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Question:
One of the problems with the CML, stems from the so called “separation principle”. What is the best solution to that problem?
Select one:
a. borrow at the t-bill rate
b. borrow and lend at the t-bill rate
c. short the t-bill
d. lend at the t-bill rate
e. Zero-beta portfolio
Related Book For
Materials and process in manufacturing
ISBN: 978-0471656531
9th edition
Authors: E. Paul DeGarmo, J T. Black, Ronald A. Kohser
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