The standard deviation of a


The standard deviation of a portfolio:

a. considers the current value of the investments within that portfolio.

b. is based on a geometric average of the standard deviations of the individual securities included in the portfolio.

c. measures only the unsystematic risk of that portfolio.

d. is equal to the weighted arithmetic average of the standard deviations of the individual securities included in the portfolio.

e. measures only the systematic risk of that portfolio.

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Financial Management: The standard deviation of a
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