that risk is the same for each type of financial asset
that risk is a function of credit, liquidity and market factors
risk is not quantifiable
insight about the relative importance of variances and co variances in determining portfolio risk
✅ The correct answer is D.
Markowitz’s main contribution to portfolio theory is insight about the relative importance of variances and co variances in determining portfolio risk.
Markowitz’s main contribution to portfolio theory is insight about the relative importance of variances and co variances in determining portfolio risk.