Which of the following statements is FALSE?

Group of answer choices

Negative covariance between two assets implies they are also negatively correlated.

If the correlation between two assets is +1, the standard deviation of a portfolio of the two assets is a weighted average of the two asset standard deviations.

The expected return over a multiple period investment is best estimated with the arithmetic average rather than geometric average.

None of the other answers is false; All the other answers are TRUE.

It is not possible to totally eliminate risk by forming a portfolio of two assets with perfectly negative correlation.