3. Please answer the question ) The complete portfolio refers to the investment in the risksy portfolio and the index. (10points) a. True b. False 2) You have $500,000 available to invest. The risk-free rate, as well as your borrowing rate, is 8%. The return on the risky portfolio is i096. If you wish to cam a 20% return, you should invest your money in the risk-free asset (10points) a. True b. False 3) The efficient frontier represents a set of portfolios that maximize expected return for a given level of risk. (10points) a. True b. False 4) According to the capital asset pricing model, a fairly priced security will plot along the security market line. (10points) a. True b. False 5) The SML is valid for individual assets only and the CML is valid for well- diversified portfolios only. (10points) a. True b. False