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1) The goal of financial management is to maximize financial return given the level of risk or minimize given level of retum

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1) The goal of financial management is to maximize financial return given the level of risk or minimize given level of retum.

2. Assuming normality over distribution of stock price has important benefit because the return of a comprising two or more assets whose returns are normally distributed is also distributed

3. According to "Separation Property" of optimal investment choice, choosing an optimal risky portfolio is while construction of complete portfolio will be determined by investor's