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Which one of these is the most effective means of lowering the beta of a portfolio? Multiple choice question. a. Replace the highest beta security

Which one of these is the most effective means of lowering the beta of a portfolio?

Multiple choice question.

a. Replace the highest beta security with a security that has the same market risk as the market portfolio

b. Replace the highest beta security with a risk-free asset

c. Replace any low-beta securities with securities that have the same market risk as the market portfolio

d. Replace the lowest beta security with a risk-free asset

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