An efficient portfolio is a portfolio that maximizes return for a given level of risk.

Question

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An efficient portfolio is one that achieves the highest possible return for a given level of risk or the lowest possible risk for a given level of return. It is achieved by finding the combination of assets that maximizes the expected return for a given level of risk or minimizes the risk for a given level of expected return.

An Efficient Portfolio Is a Portfolio That Maximizes Return for a Given