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A client comes to you with a portfolio of securities that he has put together. Based on your analysis the beta of the portfolio is

A client comes to you with a portfolio of securities that he has put together. Based on your analysis the beta of the portfolio is more than 1. What does this mean?

a.

The portfolio is taking less risk than the market

b.

The portfolio is taking as much risk as the market

c.

Beta doesn't tell us anything about the portfolio's level of risk

d.

The portfolio is taking more risk than the market

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