14. Which of the following statements is wrong?
(A) A risk aversion Investor will choice one of portfolios sets on efficientfrontier.
(B)The slope of capital allocate line (CAL) measures the risk premiumper unit of systemic risk.
(C) Investors find the efficient frontier of risky assets and find the CMLwith risk-free asset. This step is not related to personal characteristics.
(D)CML shows the relation of portfolio total risk and refurn.
(E) Only well-diversified portfolio line on CML, but all individualsecurities or possible portfolio line on SML.