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M Which of the following statement is not correct? O a Volatility of the retums of an asset is a risk measure. Ob Variance measures

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M Which of the following statement is not correct? O a Volatility of the retums of an asset is a risk measure. Ob Variance measures the total risk of the stock and beta measures the unsystematic risk of the stock. OC. Assuming standard portfolio theory, risk and return are positively related Od Standard deviation is not the only measure of risk. e. The co-variance of two stocks can be lower than minus 1

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