Question: explain and graphically depict how security market line(SML) is different from capital market line (CML). Identify and discuss the importance of minimum variance portfolio? Why

explain and graphically depict how security market line(SML) is different from capital market line (CML). Identify and discuss the importance of minimum variance portfolio? Why CAPM equatio might be more relevant than other equations when calculating required rate of return. (2000 words)
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