Question: Please help with questions from my Finance final study guide. The professor did not provide any examples, so if you can come up with some

Please help with questions from my Finance final study guide. The professor did not provide any examples, so if you can come up with some problems to better explain how to solve for these things, I would highly appreciate it. I need all the extra help I can get so give any and all explanation you want/can. Thank you, I will give thumbs up!!

1. Given the expected returns, standard deviations, and the covariance or correlation coefficient of two assets, how do you calculate the expected return and standard deviation of a specific portfolio of these two assets?

2. How to calculate the diversification effect of a portfolio of two assets?

3. What different names do we give to each of the two types of the total risk in the context of portfolio analysis. (seven for one, four for the other).

4. Which of the two major types of risk is eliminated and what is not eliminated by diversification?

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