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As the number of securities in a portfolio increases, A) the variance of individual securities becomes negligible B) the covariance among individual securities becomes negligible
As the number of securities in a portfolio increases, A) the variance of individual securities becomes negligible B) the covariance among individual securities becomes negligible C) the variance of the portfolio becomes the average covariance D) the variance of the portfolio approaches zero E) both A and C F) both A and D
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