33. A portfolio comprises Coke (beta of 1.6) and Wal-Mart (beta of 0.6). The amount invested in $10,000 and in Wal-Mart is $20,000. What is the beta of the portfolio? A) 0.93 B) 0.84 C) 1.03 D) 0.98 34. Which of the following statements is FALSE? A) When stocks are perfectly positively correlated, the set of portfolios is identified graphically by a (diagonal) straight line between them. B) An investor seeking high returns and low volatility should only invest in portfolios that lie somewhere on the efficient frontier. C) When the correlation between securities is less than 1, the volatility of the portfolio is reduced due to diversification. D) Portfolios on the efficient frontier can be easily ranked