Question: 4. Assume expected returns and standard deviations for all securities, as well as the risk-free rate for lending and borrowing, are known. Will investors arrive

 4. Assume expected returns and standard deviations for all securities, as

4. Assume expected returns and standard deviations for all securities, as well as the risk-free rate for lending and borrowing, are known. Will investors arrive at the same optimal risky portfolio? Explain. No, because different investors have different risk aversions

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