The SML is valid for ________, and the CML is valid for ________.
A) only individual assets; well-diversified portfolios only
B) only well-diversified portfolios; only individual assets
C) both well-diversified portfolios and individual assets; both well-diversified portfolios and individual assets
D) both well-diversified portfolios and individual assets; well-diversified portfolios only
Correct Answer:
Verified
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