The standard deviation of the returns of a portfolio of securities will be _________ the weighted average of the standard deviation of returns of the individual component securities.

The standard deviation of the returns of a portfolio of securities will be _________ the weighted average of the standard deviation of returns of the individual component securities.
A . Equal to
B . Less than
C . Greater than
D . Less than or equal to (depending upon the correlation between securities)

Answer: D

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