To Lie on the Markowitz Efficient Frontier, an Asset Must

Multiple Choice

To lie on the Markowitz efficient frontier, an asset must have a __________ expected return than any other asset with the same standard deviation. The asset must also have a __________ standard deviation than any other asset with the same expected return.

A) higher: higher
B) higher; lower
C) lower; lower
D) lower; higher
E) Insufficient information.