If one portfolio always provides a return at least as high as another portfolio,then that portfolio will have a price no less than that of the other portfolio.

Question

Quizplus · Accepted Answer

This statement is based on the concept of efficient portfolios, where portfolios with higher returns also have higher prices. Therefore, if one portfolio always provides a return at least as high as another portfolio, it must also have a price no less than that of the other portfolio.

If One Portfolio Always Provides a Return at Least as High