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1. Explain in Detail the cost and benefit of diversification? 2. What was revolutionary about the Fama-French Three Factor Model and how is it useful.

1. Explain in Detail the cost and benefit of diversification?

2. What was revolutionary about the Fama-French Three Factor Model and how is it useful. Explain clearly in detail

3. Briefly explain what is the "Random Walk" and the Efficient Market Hypothesis?

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