A Manager Who Uses the Mean-Variance Theory to Construct an Optimal

Multiple Choice

A manager who uses the mean-variance theory to construct an optimal portfolio will satisfy

A) investors with low risk-aversion coefficients.
B) investors with high risk-aversion coefficients.
C) investors with moderate risk-aversion coefficients.
D) all investors regardless of their level of risk aversion.
E) only clients with whom she has established long-term relationships because she knows their personal preferences.