Treasury bills are virtually (A) ________, so the T-bill rate is often called the (B) _______. The Difference between the rate of return for a risky investment and the return on T-bills is the (C) ______ (or (D) _____) for the risky asset
The variance and standard deviation of a portfolio (E) (are / are not) equal to weighted averages of the corresponding characteristics of the individual securities. For most portfolios, the standard deviation is generall (F) (greater than / less than / equal to) the weighted average of the standard deviations of the securities in the portfolio.