Question: 1. If the correlation coefficient between the returns on a portfolio and the market portfolio is 1.0, this is an efficient portfolio. True, false, or

1. If the correlation coefficient between the returns on a portfolio and the market portfolio is 1.0, this is an efficient portfolio. True, false, or uncertain? Why?

2. The standard deviation of a portfolio return is (greater than, equal to less than) a weighted average of the standard deviations of the individual securities comprising the portfolio. Describe all possibilities with the conditins and explain why.

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