Question 9 (4 points) Which of the following is most likely a benefit of proper diversification? Increase portfolio beta Maximize portfolio return Completely eliminate portfolio volatility Preserve aspired expected return level while lowering overall portfolio variance Question 10 (4 points) Which one of the following is a benefit of proprietorship? List your shares in market Unlimited life No agency problem Limited liability Question 11 (4 points) You are given a gamble that you need to pay $100 to enter. It has 10% chance paying you $500, 40% chance that you lose $50, and 50% chance paying you $1000. What is your expected net profit if you take the gamble