Question: (a) Explain the similarities and differences between the capital market line (CML) and security market line (SML) of the capital asset pricing model (CAPM). [15

(a) Explain the similarities and differences between the capital market line

(a) Explain the similarities and differences between the capital market line (CML) and security market line (SML) of the capital asset pricing model (CAPM). [15 marks]

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