Explain how studying and gaining an understanding of, Financial Management

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Explain how studying and gaining an understanding of

1. Explain how studying and gaining an understanding of finance can help you as an individual. Please help by explaining in detail.

2. Suppose all stocks had a standard deviation of 30% and a correlation with each other of .4. What is the standard deviation of the returns on a portfolio that has equal holdings in 50 stocks?

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Financial Management: Explain how studying and gaining an understanding of

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Financial Management: Explain how studying and gaining an understanding of

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