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Goldman Group listed all of the following key risk faced by the firm in its 2 0 0 7 annual report except: Group of answer

Goldman Group listed all of the following key risk faced by the firm in its 2007 annual report except:
Group of answer choices
widening credit spreads..
an increase in the number of securities underwritings.
declines in equity values.
declines in the number of mergers and acquisitions.
an increase in market volatility.

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