Question: . NEED NEW ANSWER ASAP / ANSWER NEVER USED BEFORE how can correlation and covariance be used to manage the trade-off between risk and return?

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NEED NEW ANSWER ASAP / ANSWER NEVER USED BEFORE

how can correlation and covariance be used to manage the trade-off between risk and return? Provide an example.

COPY AND PASTE Answer in paragraph form, and no picture attachment please. No bullet points

ANSWER THROUGHLY 1 page

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