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3. The expected return on a portfolio: I Can never exceed the expected return of the best performing security in the portfolio. II Must be
3.
The expected return on a portfolio: |
I | Can never exceed the expected return of the best performing security in the portfolio. |
II | Must be equal to or greater than the expected return of the worst performing security in the portfolio. |
III | Is independent of the unsystematic risks of the individual securities held in the portfolio. |
IV | Is independent of the allocation of the portfolio amongst individual securities. |
I and III only. |
II and IV only |
I and II only. |
I, II, and III only. |
I, II, III, and IV. |
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