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Explain why karst is common in some areas and absent in others.
Optimal Risky Portfolio
A portfolio composition that offers the highest expected return for a given level of risk or the lowest risk for a given level of expected return.
Risk-Free Rate
The rate of return on an investment with zero risk, typically represented by government bonds.
Expected Return
The average return an investor anticipates receiving from an investment, taking into account all possible outcomes.
Risk-Free Rate
The expected yield from an investment that is considered free from the risk of financial loss, often exemplified by the returns on government bonds.
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