The expected return on a portfollo:

L$.$ can never exceed the expected return of the best performing security in the portfollo.

$11$ must be equal to or greater than the expected return of the worst performing security in the portfollia.

III. is independent of the unsystematic risks of the individual securties held in the portfolio.

N$.$ is independent of the allocation of the portfolio amongst individual securities$.$

Multiple Choice

II and IV only

I and III only

$1,$ k $,$ and II only

I and II only

L$,$ II$,$ II$,$ and IV

Prey

$15$