How does this affect the central results of the capm and


The CAPM assumes that interest rates are the same for borrowers and lenders. Describe, and show graphically, how the mean-variance optimal portfolios that investors choose may change if rates charged for borrowing are greater than rates received on deposits. How does this affect the central results of the CAPM and the determination of the market portfolio?

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Financial Management: How does this affect the central results of the capm and
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