What is the feasible set of portfolios- what are the, Business Management

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What is the feasible set of portfolios- what are the

1. a. Why are covariances (or correlations) important in selecting a portfolio?

b. How do they impact diversification and portfolio risk?

2. a. What is the feasible set of portfolios?

b. What are the important subsets of a feasible set?

c. How does one determine the optimal portfolio for an investor?

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