3. Draw a graph that represents an opportunity set for a multiple asset portfolio with N-risky assets and no risk-free asset (be sure to label everything). Indicate the following on the graph: (1) the minimum variance portfolio (2) point (M) which represents the optimal portfolio, and (3) indicate the efficient frontier. Explain how the optimal portfolio is determined. 5. Based on the CAPM, what risky portfolio will all investors choose? How is it possible to achieve a return higher than that portfolio? 3. Draw a graph that represents an opportunity set for a multiple asset portfolio with N-risky assets and no risk-free asset (be sure to label everything). Indicate the following on the graph: (1) the minimum variance portfolio (2) point (M) which represents the optimal portfolio, and (3) indicate the efficient frontier. Explain how the optimal portfolio is determined. 5. Based on the CAPM, what risky portfolio will all investors choose? How is it possible to achieve a return higher than that portfolio