Your client's investment policy statement indicates that the investment portfolio must be restricted to no more than 8 asset classes. You decide to estimate all the necessary variances and covariances to calculate the variance of the portfolio that contains all eight asset classes. What is the total number of terms in the expression for the variance of an 8-asset portfolio? 16 36 64 70 You manage a portfolio (call it P) that has an expected return of 20% with a standard deviation of 30%. The current risk-free rate is 6%. Portfolio P is comprised of three sector funds A, B, and C. The percent invested in the various sectors is as follows: 30% in sector A; 50% in sector B; 20% in sector C. The slope of the allocation line for risky portfolio P is closest to