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When forming portfolio with assets of different risk and return profile, which of the following is the advantage of the portfolio compare to individual asset

When forming portfolio with assets of different risk and return profile, which of the following is the advantage of the portfolio compare to individual asset investment?

reduced risk from the portfolio relative to the individual assets

enhanced return from the portfolio over the individual assets

both enhanced return and reduced risk from the portfolio over the individual assets

there is no advantage for the portfolio over the individual assets

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