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Which of the following statements about portfolio management is most accurate? A. Combining the capital market line (CML) (risk-free rate and efficient frontier) with an investor's indifference curve map separates out the decision to invest from the decision of what to invest in. B. The security market line (SML) measures systematic and unsystematic risk versus expected return; the CML measures total risk. C. As an investor diversifies away the unsystematic portion of risk, the correlation between his portfolio return and that of the market approaches negative one. |