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(c) Explain the concept of diversification. Explain the benefit of diversification and how it works. (3 marks) d) Give one example of a diversifiable risk,
(c) Explain the concept of diversification. Explain the benefit of diversification and how it works. (3 marks)
d) Give one example of a diversifiable risk, and one example of a systemic risk. Clearly label your examples. (2 marks)
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