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What is an asset class? Why does each asset class have different risk and return levels on it? What is a correlated asset class and

What is an asset class? Why does each asset class have different risk and return levels on it? What is a correlated asset class and an uncorrelated asset class. How are these combined to produce a portfolio with a risk level that is acceptable to the investor for a given rate of return. What if they want more return?

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