A.Investors maximize one-period expected returnB.Investors base their decisions solely on expected return and riskC.Investors have utility curves that are a function of expected returns and variance
A.BanksB.EndowmentsC.Defined benefit pension plans
A.includes all risky assets invested in equal amounts.B.is exposed to both unsystematic and systematic risk.C.is perfectly positively correlated with other portfolios on the CML.