1.5 pts Que Que Ques The Modern Portfolio Theory (MPT) provides a framework to calculate the risk and return of a portfolio. Which of the following statement is incorrect? Time running Attempt due: 14C 58 minutes, 56 O Expected variance of a portfolio requires expected variance of each asset and the expected covariance of each asset with all other assets in the portfolio Portfolio expected return will decrease IF the covariances of an asset with every other asset decreases, and assuming there is no change in any other input parameter (variance/covariance of other assets). O MPT specifies that expected return of each asset is used instead of historical average returns of each assets to calculate portfolio expected return. Portfolio expected return is a weighted average expected returns of all assets in the portfolio O Portfolio expected risk (volatility) will decrease IF the covariances of an asset with every other asset decreases and assuming there is no change in any other input parameter (variance/covariance of other assets)