b. Portfolio expected return with one-third invested in Montana Leather Company and two-thirds in Bozeman Enterprises: The

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b. Portfolio expected return with one-third invested in Montana Leather Company and two-thirds in Bozeman Enterprises:

The return may be higher or lower because we cannot reduce unsystematic risk to zero with so small a portfolio.

BERRY, MICHAEL A,, EDWINB URMEISTERa,n d MARJORIE

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