non-aggregate
effective
ineffective
aggregate
✅ The correct answer is D.
Capital market line reflects an attitude of investors towards risk which is considered as an aggregate. The capital market line (CML) represents portfolios that optimally combine risk and return. Capital asset pricing model (CAPM), depicts the trade-off between risk and return for efficient portfolios.
Capital market line reflects an attitude of investors towards risk which is considered as an aggregate. The capital market line (CML) represents portfolios that optimally combine risk and return. Capital asset pricing model (CAPM), depicts the trade-off between risk and return for efficient portfolios.