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Question
Which of the following is not true regarding the Markowitz theory?a. Markowitz portfolio theory is considered a three-parameter model
b. Under the Markowitz model, no portfolio on the efficient frontier dominates any other portfolio on the efficient frontier
c. The Markowitz model is cumbersome to work with due to the large variance-covariance matrix needed for a set of stocks
d. Markowitz portfolio theory is a multi-period model generates an entire set, or efficient frontier, of portfolios
Answer
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