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3 Stocks Y and Z display the following parameters: STOCK Y STOCK Z 15 9 20 16 Expected return Expected variance Covariance ya = +8

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3 Stocks Y and Z display the following parameters: STOCK Y STOCK Z 15 9 20 16 Expected return Expected variance Covariance ya = +8 Does an investor gain any advantage in holding some of Y and some of Z? Why

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