Question: In 'two fund separation', , what are the two funds? ( A ) The risk free investment and the market portfolio. ( B ) The

In 'two fund separation',
, what are the two funds? (A) The risk free investment and the
market portfolio. (B) The risk free investment and shares. (C) The risk free investment and any portfolio of risky investments which lies on the efficient frontier. (D) Shares and loan notes.

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