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a) Explain what is meant by standard deviation is at pertains to an investment portfolio (3 marks). b) Why is calculated differently for portfolio than

a) Explain what is meant by standard deviation is at pertains to an investment portfolio (3 marks).

b) Why is calculated differently for portfolio than an individual asset? (1 marks)

c) Why can standard deviation not be used as the only measure to rank how good a stock or a portfolio of stock would be as an investment? (1 marks)

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