Question
The expected return on a portfolio: I. can never exceed the expected return of the worst performing security in the portfolio. II. must be equal
The expected return on a portfolio: I. can never exceed the expected return of the worst performing security in the portfolio. II. must be equal to or greater than the expected return of the best performing security in the portfolio. III. is independent of the unsystematic risks of the individual securities held in the portfolio. IV. is not independent of the allocation of the portfolio amongst individual securities
a. I and III only
b. III and IV only
c. I and II only
d. I, II, and III only
e. I, III and IV only
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Small Business Management Launching and Growing New Ventures
Authors: Justin Longenecker, Leo Donlevy, Terri Champion, William Petty, Leslie Palich, Frank Hoy
6th Canadian edition
176532218, 978-0176532215
