If an asset exhibits the same degree of sensitivity to systematic risk as the market itself, its beta is likely equal to 0 1.5 .5 1 Asset allocation refers to the analysis of the value of securities. O the building of the investment portfolio across broad asset classes. the choice of specific assets within each asset class. O the determination of portfolio expected value. Portfolio expected return is the weighted sum of the holdings' variances the simple average of the holdings' expected returns O the sum of the holdings' variances the weighted sum of the holdings' expected returns Real assets are claims on a company's income O always the same as financial assets always equal to real liabilities used in the production process for goods and services An equity share of stock's total return can be characterized as the dividend yield, plus the risk premium. the capital gain yield during the period, plus the dividend yield. O the current yield, plus the dividend yield. the capital gain yield during the period, plus the inflation rate