BASED ON THE DATA IN EXHIBIT 2, THE PORTFOLIO WITH THE HIGHEST EXPECTED RETURN MOST LIKELY IS

5. - CFA 2018 LEVEL 2 PORTFORLIO QUESTION BANK R48 INTRODUCTION TO MULTIFACTOR MODELS Q BANK
CFA 2018 LEVEL 2 PORTFORLIO QUESTION BANK R48 INTRODUCTION TO MULTIFACTOR MODELS Q BANK

5. Based on the data in Exhibit 2, the portfolio with the highest expected return most likely is:

A. Portfolio 1.

B. Portfolio 2.

C. Portfolio 3.