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3) The main purpose of diversification is to A) reduce the volatility of a portfolio's return without affecting the expected return. B) raise the volatility

3) The main purpose of diversification is to

A) reduce the volatility of a portfolio's return without affecting the expected return.

B) raise the volatility of a portfolio's return and expected return.

C) reduce the average return on a portfolio by lowering risk.

D) raise the average return on a portfolio and risk.

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