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As diversification increases in an equally weighted portfolio, the total variance of the portfolio approaches Group of answer choices the average variance of the assets

As diversification increases in an equally weighted portfolio, the total variance of the portfolio approaches

Group of answer choices

the average variance of the assets within the portfolio

0

the standard deviation of each asset multiplied by asset covariance

the correlation coefficient multiplied by asset covariance

the average covariance of the assets within the portfolio

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