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3. 'Standard deviation' and 'beta' are both measures of risk Explain the difference and illustrate your argument by discussing what it means to have high

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3. 'Standard deviation' and 'beta' are both measures of risk Explain the difference and illustrate your argument by discussing what it means to have high or low standard deviation and betas (8 marks) 4. Explain what is meant by the term 'fully diversified portfolio in the context of Modern Portfolio Theory (8 marks)

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