Question: Figure 7.8 Determination of the Optimal Overall Portfolio Expected Return (%) 18 16- 14- 12+ 10 8+ 6+ Ff=5% 4 2. 0 Indifference Curve

Figure ( 7.8 ) Determination of the Optimal Overall Portfolio 

Figure 7.8 Determination of the Optimal Overall Portfolio Expected Return (%) 18 16- 14- 12+ 10 8+ 6+ Ff=5% 4 2. 0 Indifference Curve Optimal Complete Portfolio 0 5 10 CAL(P) Opportunity Set of Risky Assets Optimal Risky Portfolio 15 20 25 30 Standard Deviation (%)

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