Question
Assume you are an asset manager, and your client asks you to build an equally weighted portfolio from a universe of one thousand stocks. You
Assume you are an asset manager, and your client asks you to build an equally weighted portfolio from a universe of one thousand stocks. You estimate that the average volatility of these stocks is 50%, and the average correlation is 0.36. What's the smallest possible volatility of your portfolio?
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
6th edition
1305968352, 978-1337635653, 978-1305968356
