What is an efficient portfolio? What is the Capital Market Line (CML), how is it...

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Finance

What is an efficient portfolio? What is the Capital Market Line (CML), how is it related to efficient portfolios, and how does it interface with an investors indifference curve to determine the investors optimal portfolio? Is it possible that two rational investors could agree as to the specifications of the Capital Market Line, but one would hold a portfolio heavily weighted with Treasury securities while the other held only risky stocks bought on margin?

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