Show that the reward-to-variability ratio is the same for a


Show that the reward-to-variability ratio is the same for a risky portfolio, and a complete portfolio comprised of that risky portfolio and the risk free asset.

In other words show E(rC )-rf / sC = E(rP )-rf / sP where rC = yrP + (1- y)rf and y is the proportion of your portfolio in the risky portfolio P.

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Financial Management: Show that the reward-to-variability ratio is the same for a
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