Portfolio:
A portfolio is the total collection of the investments held by an investor, which includes bonds, stocks, options, futures, and other investments like gold or limited partnerships. Most portfolios are diversified to protect against the risk of single securities. So, portfolio analysis involves analyzing the portfolio as a whole.
The return of a portfolio is the weighted average of the
To determine:
The reason why the total risk of a portfolio is not equal to the weighted average of the risks of securities in the portfolio.
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Fundamentals of Corporate Finance (4th Edition) (Berk DeMarzo & Harford The Corporate Finance Series)
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