5. Sammy buys stock in a suntan-lotion maker and also stock in an umbrella maker. One stock...
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5. Sammy buys stock in a suntan-lotion maker and also stock in an umbrella maker. One stock does well when the weather is good; the other does well when the weather is bad. Sammy’s portfolio indicates that “weather risk” is a _______ risk.
LO17.6
a. Diversifiable.
b. Nondiversifiable.
c. Automatic.
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Related Book For
Macroeconomics
ISBN: 9781259915673
21st Edition
Authors: Campbell McConnell, Stanley Brue , Sean Flynn
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