Question 1 1 pts Which of the following is true with respect to the big picture of portfolio theory? When one invests in portfolios, they are guaranteed to get positive returns There is a better relation between risk and return for individual stocks than for portfolios There is a better relation between risk and return for portfolios than for individual assets Harry Markowitz's contribution with respect to portfolio theory can be summarized as "put all your eggs in one basket" Question 2 1 pts The expected return for an individual asset is the sum of expected returns in each state of the world multiplied by the probability of each state of the world occurring. True False Question 3 1 pts The variance of the return for an individual asset is the weighted sum (by probability of that state of the world occurring) of the returns' squared deviations from the mean in each state of the world. True False