You plan to invest in two assets, Spotify and Pandora. Assume you have the following information Which statement is incorrect? Use Figure 8.6 to help you answer the question. Spotify Pandora Expected Standard Expected standard Expected return deviation Espected return deviation 12% 10% 596 796 Ranges of Return Ranges of Risk Coefficient +1 (Perfect positive) FIGURE 8.6 Possible Correlations Ronge of portfolio return () and risk for for combinations of assets Lo and Hi for various correlation coefficients 0 0 (Uncorrelated -1 (Perfect negative) 0 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 Portfolio Return (76) Portfolio Risk (%) If Spotify and Pandora have +1 correlation, the standard deviation of your portfolio will be between 7% and 10%. If Spotify and Pandora stock return have -1 correlation, the return of your portfolio will be between 12% and 7%. If Spotify and Pandora have -1 correlation, the standard deviation of your portfolip will be between 0% and 10%. If Spotify and Pandora are not correlated, the standard deviation of your portfolio will be lower than 10% and can go below 7%