In Portfolio Selection Problems, Risk Is Measured by the Variance

question 14

True/False

In portfolio selection problems, risk is measured by the variance of the return on the portfolio.

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Definitions:

Per Stirpes

is a legal term used in wills and estate planning that describes how assets are divided among heirs, according to branches of the family.

Intestacy Laws

The body of law that governs the distribution of a deceased person's estate when they die without a valid will.

Estate

The collective assets and liabilities of a person, especially considered in the context of their will or the administration of their property after death.

Codicil

A written supplement or modification to a will. A codicil must be executed with the same formalities as a will.