Instructions: Write the answers in the blanks provided or in the spaces below each question. You may expand the spaces for more space, but your answers must be hand-written. All math questions must have work included. A big part of your grade will depend on whether or not you answered ALL of the parts of each question. So, I will grade both for participation and accuracy. If you are not sure of an answer, try to include a reasonable answer for each question. Once again answer ALL parts to all questions. You may attach or include additional pages with your work but keep everything in order. 1. How many terms [i.e., total components of portfolio risk (hint: think variance and covariance terms) are there in the portfolio variance equation for a portfolio with 1-stock? 2- stocks? 3-stocks? 4-stocks? 5-stocks? 25-stocks? Place Answers in Blank Above In Order