22.

A) You currently have a portfolio comprised of 70 percent stocks and 30 percent bonds. Which one of the following must be true if you change the asset allocation?

		The portfolio variance will be unaffected.
		The expected return will remain constant.
		The two portfolios could have significantly different standard deviations.
		The revised portfolio will be perfectly negatively correlated with the initial portfolio.
		The portfolio variance will most likely decrease in value.

B) Which one of the following is the set of portfolios that provides the maximum return for a given standard deviation?

		minimum variance portfolio
		correlated market frontier
		diversified portfolio line
		Markowitz efficient frontier
		asset allocation relationship