Question: You want to diversify your portfolio by adding an additional stock. You are considering five stocks that have the same expected return of 11% and

 You want to diversify your portfolio by adding an additional stock.

You want to diversify your portfolio by adding an additional stock. You are considering five stocks that have the same expected return of 11% and the same standard deviation of 15% but different correlation coefficients with your existing portfolio. You should select the stock with which correlation coefficient in the following? (No calculation is needed) 1) 0.67 2) 0.77 3) 0.58 4) 0.93 5) 0.82

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