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Which of the following statements about the standard deviation of a portfolio is true? O The standard deviation of a portfolio can be less than

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Which of the following statements about the standard deviation of a portfolio is true? O The standard deviation of a portfolio can be less than the standard deviation of the least risky security in the portfolio. O The standard deviation of a portfolio is an arithmetic average of the standard deviations of the individual securities which comprise the portfolio O The standard deviation of a portfolio is a weighted average of the standard deviations of the individual securities held in the portfolio O The standard deviation of a portfolio can never be less than the standard deviation of the most riskiest security in the portfolio The standard deviation of a portfolio must be equal to or greater than the lowest standard deviation of any single security held in the portfolio

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