Q1 In the context of investing, the covariance between two securities measures which of the following? O it measures the relationship between the two securities O it measures the sensitivity between the market and each security it measures the relationship between the market and the average of two securities O it measures the relationship between securities and risk free rate Q2 Which of the following is NOT true about the Minimum Variance Portfolio? O It has the highest possible risk for the lowest level of return O it has the lowest possible risk o it has the lowest possible standard deviation of a given level risk O it has the lowest risk for any level of return 03 True of False? If the correlation between the two securities is positive, then the standard deviation of their portfolio is less than the weighted average of the standard deviations of the individual securities? O True in all but one cases True in all cases False in all but one cases False in all cases