Question: arithmetic average is defined as ? a.The sum of returns in each period divided by the number of periods b. Portfolio choice among broad investment

arithmetic average is defined as ?

a.The sum of returns in each period divided by the number of periods
b. Portfolio choice among broad investment classes
c. Plot of risk-return combinations available by varying portfolio allocation between a risk-free asset and a risky portfolio
d. The capital allocation line using the market index portfolio as the risky asset
e. The entire portfolio including risky and risk-free assets

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