1-10 The Capital Allocation Line (CAL) can be described as the (a) investment opportunity set formed with a risky asset

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1 10 The Capital Allocation Line Cal Can Be Described As The A Investment Opportunity Set Formed With A Risky Asset 1 (92.43 KiB) Viewed 59 times

1-10 The Capital Allocation Line (CAL) can be described as the (a) investment opportunity set formed with a risky asset and a risk-free asset. (b) investment opportunity set formed with two risky assets. (c) line on which lie all portfolios with the same expected rate of return and different standard deviations. (d) The CAL is also called the efficient frontier of risky assets in the absence of a risk-free asset. (e) The CAL is also called the Capital Market Line in the absence of a risk-free asset.