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7.12 Reporting on Risk 290 7.12.1 Beta Risk 290 7.12.2 Why Do Firms Manage Firm- Specific Risk? 291 7.12.3 Stock Market Reaction to Other Risks

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7.12 Reporting on Risk 290 7.12.1 Beta Risk 290 7.12.2 Why Do Firms Manage Firm- Specific Risk? 291 7.12.3 Stock Market Reaction to Other Risks 292 7.12.4 A Measurement Approach to Risk Reporting 294 7.12.5 Summary 297 7.12 Reporting on Risk 290 7.12.1 Beta Risk 290 7.12.2 Why Do Firms Manage Firm- Specific Risk? 291 7.12.3 Stock Market Reaction to Other Risks 292 7.12.4 A Measurement Approach to Risk Reporting 294 7.12.5 Summary 297

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