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Basic Question 1 of 4

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

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Craig Baugh

Craig Baugh

Learning Outcome Statements

describe and interpret the minimum-variance and efficient frontiers of risky assets and the global minimum-variance portfolio

CFA® 2024 Level I Curriculum, Volume 2, Module 1.