Which of the following is a second way of formulating the Markowitz model?
a. Maximizing the expected return of the portfolio subject to a constraint on variance
b. Minimizing the expected return of the portfolio subject to a constraint on variance.
c. Maximizing the variance of the portfolio subject to a constraint on the expected return of the portfolio
d. Maximizing the variance of the portfolio with no constraint needed for the expected return of the portfolio
A
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