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Basic Question 0 of 2

For a portfolio to be efficient, it must exhibit the ______.

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

User Contributed Comments 0

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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

Andrea Schildbach

Learning Outcome Statements

compare primary and secondary fixed-income markets to equity markets

CFA® 2025 Level I Curriculum, Volume 4, Module 3.