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Which of the following is correct? The risk of a portfolio is always lower than the risk of a single asset. The risk of a

  1. Which of the following is correct?
  1. The risk of a portfolio is always lower than the risk of a single asset.
  2. The risk of a portfolio consists of only risky assets can be zero.
  3. It is impossible to have a portfolio with zero risk.
  4. It is impossible to have two risky assets with correlation greater than one.

I'm pretty sure its either C or D but I don't know which one.

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