Question: Using the S&P 5 0 0 portfolio as a proxy of the market portfolio: Multiple Choice is appropriate because most U . S . investors

Using the S&P 500 portfolio as a proxy of the market portfolio:
Multiple Choice
is appropriate because most U.S. investors are primarily interested in U.S. securities.
is inappropriate because the average U.S. investor has less than 20% of his or her portfolio in non-U.S. equities.
is inappropriate because U.S. securities make up less than 41% of world equities.
is appropriate because most U.S. and non-U.S. investors are primarily interested in U.S. securities.
is appropriate because U.S. securities represent more than 60% of world equities.

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