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What is Solnik's measure of diversification? (a) It is defined as the variance of any portfolio; (b) It is defined as the mean of any
What is Solnik's measure of diversification? (a) It is defined as the variance of any portfolio; (b) It is defined as the mean of any portfolio; (c) It is the variance of randomly selected portfolios consisting of a large number of assets with weights corresponding to its market value; (d) All of (a) to (c) are correct; (e) None of (a) to (c) are correct
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