What is the Security Market Line (SML)? What information is developed in the Capital Market Line analysis

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What is the Security Market Line (SML)? What information is developed in the Capital Market Line analysis and then carried over and used to help specify the SML? For practical applications as opposed to theoretical considerations, which is more relevant, the CML or the SML?
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Intermediate Financial Management

ISBN: 978-1285850030

12th edition

Authors: Eugene F. Brigham, Phillip R. Daves

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