Question
Briefly explain why the covariance of a security with the rest of a well diversified portfolio is a more appropriate measure of the risk of
Briefly explain why the covariance of a security with the rest of a well diversified portfolio is a more appropriate measure of the risk of the security than the security s variance. (5 lines max)
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
7th Edition
1259919714, 978-1259919718
