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[FIN] Investors hold portfolios because: It serves to maximize portfolio return regardless of the risks involved in the portfolio. It is required by portfolio managers.

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[FIN] Investors hold portfolios because: It serves to maximize portfolio return regardless of the risks involved in the portfolio. It is required by portfolio managers. It serves to minimize diversifiable risk and achieve the benefits of risk reduction. It is an unexplained quirk of investors that they prefer portfolios

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