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1) In the mean-variance framework, volatility is the correct measure of risk for your portfolio as it captures the oscillations of your invested capital over

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1) In the mean-variance framework, volatility is the correct measure of risk for your portfolio as it captures the oscillations of your invested capital over time. Given this information, explain why market (and not volatility) is the correct measure of risk for single assets in the CAPM. (1 paragraph)

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