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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