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q12 PUJ EN Which of the following statements is (are) untrue regarding time diversification? 1. The standard deviation of the average annual rate of return
q12 PUJ EN Which of the following statements is (are) untrue regarding time diversification? 1. The standard deviation of the average annual rate of return over several years will be smaller than the 1-year standard deviation. II. For a longer time horizon, uncertainty compounds over a greater number of years. III. Time diversification does not reduce risk L, II, and III Il only II and III only I only
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