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Which of the following statements are correct? A portfolio of 50 stocks which are highly correlated will be less risky than a portfolio of 50

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Which of the following statements are correct? A portfolio of 50 stocks which are highly correlated will be less risky than a portfolio of 50 stocks which are not. A portfolio of 50 stock which are not highly correlated will be less risky than a portfolio which are highly correlated. Correlation of stocks does not affect the riskiness of the portfolio. Cannot be ascertained

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