A stock has an average historical return of 11.3% and a standard deviation of 20.2%. Which range of returns would you expect to see approximately 68% (two-third) of the time? Assume the stock return frequency follows the normal distribution curve.

		+4.6% TO +33.8%
		-8.9% TO +31.5%
		-23.8% TO +53.0%
		-3.9% TO +32.5%

Which of the following statement is TRUE?

A.	If the correlation coefficient of the two securities is +1, the investment opportunity set will appear as conical shape.
	B.	Minimum variance portfolio shows the portfolio with the highest expected return among the investment opportunity set.
	C.	Minimum variance portfolio lie in the highest point in respect to the investment opportunity set.
	D.	By combining various risky assets, opportunity sets move farther to the southwestern direction.
	E.	There are multiple efficient portfolios that can be constructed using the same two securities.