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Choose the correct statement regarding diversification. (This is a multiple answer format question which means you should check all that apply...there may be more than

Choose the correct statement regarding diversification. (This is a multiple answer format question which means you should check all that apply...there may be more than one correct response).

We can eliminate most of our market risk by hold a portfolio of 5 stocks from a variety of industries

We can eliminate most of our market risk by holding a portfolio of 50 stocks from a variety of industries

We can eliminate most of our firm specific risk by holding a portfolio of 5 stocks from a variety of industries

We can eliminate most of our firm specific risk by holding a portfolio of 50 stocks from a variety of industries

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