Question: 9. One of the problems with the CML, stems from the so called separation principle. What is the best solution to that problem? Select one:

9. One of the problems with the CML, stems from the so called separation principle. What is the best solution to that problem?

Select one:

a.

borrow and lend at the t-bill rate

b.

lend at the t-bill rate

c.

borrow at the t-bill rate

d.

short the t-bill

e.

Zero-beta portfolio

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