When the CAPM correctly prices risk, the market portfolio is an efficient portfolio? Explain why.

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When the CAPM correctly prices risk, the market portfolio is an efficient portfolio? Explain why.
Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...
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Corporate Finance

ISBN: 978-0134083278

4th edition

Authors: Jonathan Berk, Peter DeMarzo

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