The table below summarizes asset allocations recommended by Blackrock and Charles Schwab to three different...

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The table below summarizes asset allocations recommended by Blackrock and Charles Schwab to three different types of investors: Conservative investors with high risk aversion, moderate investors with moderate risk aversion, and aggressive investors with low risk aversion. The three assets are T-bills, bond, and stocks. Are those recommendations by Blackrock and Charles Schwab consistent with portfolio theory? Explain why

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