Which of the Following Statements Is False

Multiple Choice

Which of the following statements is false?

A) A portfolio that consists of a long position in the risk-free investment is known as a levered portfolio.
B) The optimal portfolio will not depend on the investor's personal tradeoff between risk and return.
C) The volatility of the risk-free investment is zero.
D) Our total volatility is only a fraction of the volatility of the efficient portfolio, based on the amount we invest in the risk free asset.