Question: In a portfolio, what does the Capital Allocation Line ( CAL ) represent when combined with a risk - free asset? a . The set
In a portfolio, what does the Capital Allocation Line CAL represent when combined with a riskfree
asset?
a The set of portfolios that offer the best possible tradeoff between risk and return.
b A line that represents the highest risk portfolios available.
c The relationship between the returns of the riskfree asset and the market portfolio.
d The line connecting all portfolios with the same level of risk.
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