2. When adding real estate to an asset allocation program that currently includes only stocks, bonds, and

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2. When adding real estate to an asset allocation program that currently includes only stocks, bonds, and cash, which of the properties of real estate returns affect portfolio risk? Explain.

a. Standard deviation.

b. Expected return.

c. Correlation with returns of the other asset classes.

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Investments

ISBN: 9780077261450

8th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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