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Asset allocation is the: a. selection of specific securities within a particular class or industry. b. division of a purchase price between a cash payment

Asset allocation is the:
a. selection of specific securities within a particular class or industry.
b. division of a purchase price between a cash payment and a margin loan.
c. division of a portfolio into short and long positions.
d. distribution of investment funds among various broad asset classes.
e. dividing of assets into those that are hypothecated and those that are not.

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