The standard deviation of a portfolio of risky securities is
A. the square root of the weighted sum of the securities' variances.
B. the square root of the sum of the securities' variances.
C. the square root of the weighted sum of the securities' variances and covariances.
D. the square root of the sum of the securities' covariances.
C. the square root of the weighted sum of the securities' variances and covariances.
The standard deviation is the square root of the variance which is a weighted sum of the variance of the individual securities and the covariances between securities.
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Tirri Corporation has provided the following information: Cost per UnitCost per PeriodDirect materials$6.85 Direct labor$3.90 Variable manufacturing overhead$1.25 Fixed manufacturing overhead $22,500 Sales commissions$1.00 Variable administrative expense$0.55 Fixed selling and administrative expense $7,500 If the selling price is $26.20 per unit, the contribution margin per unit sold is closest to:
A. $9.70 B. $12.65 C. $15.45 D. $6.65
A ________ is a physical facility used primarily for the storage of goods held in anticipation of sale or transfer within the marketing channel
A) stock-keeping unit B) wholesaler C) retail outlet D) warehouse E) showroom
Which one of the following accounts below would likely be included in a deferral adjusting entry?
A) Interest Revenue B) Unearned Revenue C) Salaries Payable D) Accounts Receivable
Under the Revised Uniform Limited Partnership Act, limited partners do not have the right to
A. assign their interests in the limited partnership. B. inspect the books and records of the limited partnership. C. vote on certain extraordinary actions taken by the limited partnership. D. participate in the management of the limited partnership.