Answer:
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Answer:
Explanation:
Gandalf thought Bilbo to be a suitable companion to Thorin and his Dwarves for a number of reasons. First, he had observed that Bilbo took more of an interest in the world at large than was usual for hobbits, and was thus more likely to be adventurous.
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The cal provided by combinations of 1-month t-bills and a broad index of common stocks is called the CML.
<h3>What is broad index?</h3>
A broad-based index is used to benchmark the performance of a significant group of stocks chosen to represent the greater stock market. Investing in funds that track wide indices can diversify a portfolio.
As well as the S&P 500 and NASDAQ Composite, the Russell 3000 and NASDAQ Composite are two instances of broad-based indices. A broadly diversified index fund is a mutual fund or exchange-traded fund that follows the S&P 500 Index.
Thus, it is a broad index.
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