Question: An efficient portfolio a) has only unique risk. b) provides the highest expected return for a given level of risk and provides the least risk

An efficient portfolio

a) has only unique risk.

b) provides the highest expected return for a given level of risk and provides the least risk for a given level of expected return.

c) has no risk at all.

EXplain the answer

d) provides the lowest risk for a given expected return.

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