Which of the following is the most correct answer for the beta of a portfolio of 35 stocks where the lowest beta for an individual security is 0.84 and the highest is 1.51?   Group of answer choices The beta of the portfolio must be 1.0 because of the large number of securities in the portfolio. The beta of the portfolio must be less than 1.0 because of the large number of securities in the portfolio. The beta of the portfolio will be between 0 and 1.51. The beta of the portfolio will be between 0.84 and 1.51.

Question
Which of the following is the most correct answer for the beta of a portfolio of 35 stocks where the lowest beta for an individual security is 0.84 and the highest is 1.51?
 
Group of answer choices
The beta of the portfolio must be 1.0 because of the large number of securities in the portfolio.
The beta of the portfolio must be less than 1.0 because of the large number of securities in the portfolio.
The beta of the portfolio will be between 0 and 1.51.
The beta of the portfolio will be between 0.84 and 1.51.

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