Question
Which one of the following portfolios cannot lie on the efficient frontier as described by Markowitz?
| Portfolio | Expected return | Standard deviation |
| W | 10% | 25% |
| X | 5% | 7% |
| Y | 17% | 37% |
| Z | 12% | 13% |
Answer :
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According to Markowitz, a portfolio can lie on the efficient frontier only if no other portfolio offers a higher expected return for the same or
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