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An investor constructs a portfolio by combining the risk-free asset and the market portfolio, with the ability to lend and borrow at the risk-free rate. Given a risk-free rate of 3% and an expected market return of 15%, if the investor's portfolio has an expected return of 18%, the portfolio is best described as:
A
a portfolio with a positive investment in the risk-free asset.
B
a portfolio with a negative investment in the risk-free asset.
C
the market portfolio.