6.1 OVERVIEW

6.2 THE MARKOWITZ PROBLEM WITHOUT SHORT SALES

6.3 DERIVATION WITHOUT SHORT SALES

6.4 ADDING A RISK-FREE SECURITY

6.5 THREE-FIRM CASE: ADDING A RISK-FREE ASSET

6.6 CAPITAL MARKET LINE

6.7 THREE-FIRM CASE: CML

6.8 SECURITY MARKET LINE

6.9 DERIVATION OF THE SML

6.10 THREE-FIRM CASE: DERIVATION OF THE SML

6.11 Zero-Beta Portfolios