15. The risk of a well-diversified portfolio to an investor is measured by the standard deviation of

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15. The risk of a well-diversified portfolio to an investor is measured by the standard deviation of the portfolio's returns. Why shouldn't the risk ofan individual security be calculated in the same manner?

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Investments

ISBN: 9788120321014

6th Edition

Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey

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