Why is all risk removed in a two-security portfolio if the securities are perfectly negatively correlated?
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Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...
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Related Book For
Introduction to Corporate Finance
ISBN: 978-1119171287
4th edition
Authors: Laurence Booth, Sean Cleary, Ian Rakita
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