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Stern school of business new york university martin j. Pair 3 the efficient set is the positively sloped part of the curve, starting at the gmv. Modern portfolio theory and investment analysis by elton. This introduction to the advanced concepts of investment analysis and portfolio management has been revised to include many new examples. This essay represents a slightly updated version of lessons of modern portfolio theory by edwin j elton and martin j. Pdf modern portfolio theory and investment analysis.
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