Caro has $10,000 to invest. Her best friend, Imelda, happens to be a stockbroker. Imelda tells Caro that her investments should be diversified. To make sure that Caro understand what diversification really means, Imelda asks her to rank a set of investment portfolios according to how diversified they are. Demonstrate how Caro's ranking should look below MOst diversitied Least diversified Answer Bank $10,000 in a mutual fund $3,400 in a mutual fund, $3,300 in bonds, and $3,300 in a land purchase $5,000 in one stock and $5,000 in another stock $10,000 in one stock
