Question: 1. What are at least two differences between the Capital Market Line (CML) and the Security Market Line (SML)? 2. List two criticisms of Markowitz:

1. What are at least two differences between the Capital Market Line (CML) and the Security Market Line (SML)?

2. List two criticisms of Markowitz:

3. List two problems with CAPM or tests of CAPM Theory:

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