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Basic Question 0 of 2
For a portfolio to be efficient, it must exhibit the ______.
B. highest expected return for a given level of risk
C. lowest risk for all levels of expected return
D. highest expected return for all levels of risk
A. highest risk for a given level of expected return
B. highest expected return for a given level of risk
C. lowest risk for all levels of expected return
D. highest expected return for all levels of risk
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.

Andrea Schildbach
Learning Outcome Statements
compare primary and secondary fixed-income markets to equity markets
CFA® 2025 Level I Curriculum, Volume 4, Module 3.