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At least theoretically the fully diversified portfolio would have no remaining non-systematic risk (or, at least, it would be holding only systematic risk), and thus
At least theoretically the "fully diversified portfolio" would have no remaining non-systematic risk (or, at least, it would be holding only systematic risk), and thus have no further diversification that could be done. So, what portfolio would this be? Of what portfolio can you conceive THAT EXISTS and can not be diversified any further
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