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10. Thomas owns several real estate properties valued at $10,000,000, equity mutual funds valued at $8,000,000, and bond funds valued at $5,000,000. Which one of

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10. Thomas owns several real estate properties valued at $10,000,000, equity mutual funds valued at $8,000,000, and bond funds valued at $5,000,000. Which one of the following terms most applies to his investments? Select one: O a. Risk-free portfolio O b. Diversified portfolio c. Speculative portfolio O d. Concentrated portfolio e. none of them applies

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