A completely diversified portfolio would have a correlation with the market portfolio that is ...

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Finance

A completely diversified portfolio would have a correlation with the market portfolio that is

a.

less than zero because it has only systematic risk.

b.

less than one because it has only systematic risk.

c.

equal to one because it has only systematic risk.

d.

equal to zero because it has only unsystematic risk.

e.

less than one because it has only unsystematic risk.

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