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  3. 3. when an economy has a risk-free asset, all risk

3. When an economy has a risk-free asset, all risk-averse investors should invest in either...

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3. When an economy has a risk-free asset, all risk-averse investors should invest in either the risk-free asset or the highest Sharpe-ratio risky asset (or both) a. True b. False c. Too little information to tell d. None of the above

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