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34. Risk and Returns Short Answer 1. Risk and Return A. Discuss the benefits of diversification with respect to portfolios. B. What is correlation and

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34. Risk and Returns Short Answer 1. Risk and Return A. Discuss the benefits of diversification with respect to portfolios. B. What is correlation and how does it relate to the diversification benefit of portfolios? C. If someone is not diversified should they use beta to measure risk? Why or why not

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