What are the probability limits of (1/n)LM, where LM is defined in (13-31) under the null hypothesis that 2 u = 0 and under the alternative that 2 u = 0?

Portfolio Management for CFA Session 04 1 Portfolio Risk and Return: Part II Master 1 AFI/CFA Skema Business School Professeur Sébastien DEREEPER LOS.a: Describe the implications of combining a risk-free asset with a portfolio of risky assets. 2 The availability of a risk-free asset allows investors to build portfolios with superior...