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Diversification eliminates idiosyncratic (unique or firm-specific) risk but does not eliminate systematic risk. Evaluate this statement. What happens to the benefits of diversification as portfolios

Diversification eliminates idiosyncratic (unique or firm-specific) risk but does not eliminate systematic risk. Evaluate this statement. What happens to the benefits of diversification as portfolios get larger? Why do you think there are changes to the benefits of diversification as portfolios get larger?

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