Question
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 leasttheoreticallythe "fully diversified portfolio" would have no remaining non-systematic risk (or, at least, it would be holdingonlysystematic risk), and thus have no further diversification that could be done.
So, what portfolio would this be?Of what portfolio can you conceiveTHAT EXISTSand can not be diversified any further?
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
