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The total number of variance and covariance terms in portfolio is N2. How many of these would be (including non-unique) covariance's?
Expression
A combination of numbers, variables, and arithmetic operations.
Simplify
To simplify an expression means to make it as straightforward as possible by combining like terms and performing arithmetic operations.
Expression
An expression is a combination of symbols that represent a value or relationship.
Positive Exponents
Exponents that are greater than zero, indicating the number of times the base is multiplied by itself.
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