Fisher's separation theorem has no implications for the investment decision.

Name: Fisher's separation theorem has no implications for the investment decision.
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Question

Quizplus · Accepted Answer

Fisher's separation theorem suggests that the investment decision (i.e. selecting a portfolio of assets) should be separate from the financing decision (i.e. determining how to finance the investment). Therefore, this theorem does have implications for the investment decision.

Fisher's Separation Theorem Has No Implications for the Investment Decision