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4) Explain the risk management policy followed by an individual who purchases a home insurance policy that has a large deductible (i.e., an amount of

4) Explain the risk management policy followed by an individual who purchases a home insurance policy that has a large deductible (i.e., an amount of loss that the homeowner absorbs before the insurance company makes a payment).

8) Because idiosyncratic risk cannot be diversied away, it is referred to as systematic risk. Explain whether you agree or disagree with this statement.

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