Explain why the steeper the angle, the better the performance in Figure 221. Figure 221 Rate of

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Explain why the steeper the angle, the better the performance in Figure 22‐1.

Figure 22‐1 

Rate of return 24 22 20 18 16 4 12 10 8 RF 5 W S&P 500- M 10 15 Standard deviation of return 20 CML K  D 25

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Investments Analysis And Management

ISBN: 9781118975589

13th Edition

Authors: Charles P. Jones, Gerald R. Jensen

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