Which one of the following portfolios cannot lie on the efficient frontier as described by Markowitz?





A. Only portfolio A cannot lie on the efficient frontier.

B. Only portfolio B cannot lie on the efficient frontier.

C. Only portfolio C cannot lie on the efficient frontier.

D. Only portfolio D cannot lie on the efficient frontier.

E. Cannot be determined from the information given.


D. Only portfolio D cannot lie on the efficient frontier.

When plotting the above portfolios, only D lies below the efficient frontier as described by Markowitz. It has a higher standard deviation than C with a lower expected return.

Business

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