Question: 5 points Other things equal, diversification is least effective when Securities returns are uncorrelated. Correlation equals zero Securities' returns have a correlation equal to -

5 points
Other things equal, diversification is least effective when
Securities returns are uncorrelated.
Correlation equals zero
Securities' returns have a correlation equal to -1.
Securities' returns are highly correlated.
You hold equal proportions of each security in a portfolio.
 5 points Other things equal, diversification is least effective when Securities

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