Pfp ch17 - Study guides, Class notes & Summaries

1. Why is it so difficult to identify a group of assets or other techniques that can fully eliminate portfolio risk? A. They types of assets that can eliminate portfolio risk are only available to professional money managers. B. The lack of a full hedge for the lifetime work-related income streams we call human assets. C. The volatility of portfolio returns over time. D. All of the above. E. None of the above. 2. When a household revises its portfolio, it attempts to establish a risk/ret...