单选题

The point of tangency between the capital allocation line (CAL) and the efficient frontier of risky assets most likely identifies the:

A、 optimal risky portfolio.
B、 optimal investor portfolio.
C、 global minimum-variance portfolio.

【正确答案】 A

【答案解析】

A is correct. The optimal risky portfolio lies at the point of tangency between the capital allocation line and the efficient frontier of risk assets.