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Basic Question 1 of 10

Efficient portfolios are those which offer the ______.

A. highest expected return for a given level of risk
B. highest risk for a given level of expected return
C. maximum risk and expected return

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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz

Tamara Schultz

Learning Outcome Statements

describe the implications of combining a risk-free asset with a portfolio of risky assets

explain the capital allocation line (CAL) and the capital market line (CML)

CFA® 2025 Level I Curriculum, Volume 2, Module 2.