Portfolio theory provides a normative approach to investing based on which of the following assumptions?

A. Risk-return spread is uniform for all asset classes

B. Investors are risk-averse

C. Market risk pricing is identical for all investors

D. Return on assets are normally distributed

E. Uniform investment horizon

Choose the correct  answer from the options given below:

1
A, B and C only
2
A, C and E only
3
B, C and D only
4
C, D and E only

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