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targe number (5,000) of such shares, whth cqual imvestmeeres in eadh of them the average equected retint of the portfolio is 24% How large is

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targe number (5,000) of such shares, whth cqual imvestmeeres in eadh of them the average equected retint of the portfolio is 24% How large is the total portfolio variance? Provide an estimute. What proportion of this variance cannet be diversified away? [For partial credit, explain your thought process even if vou dont get to the final answer|

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