Help Center? Question 1 Needs Grading Explain the difference between the firm-specific (non-systematic) risk and the market (systematic) risk. Outline the implication of each type of risk for assessing the riskiness of an individual financial asset that is trading in a given market. Question 2 Needs Grading Explain the difference between the traditional correlation approach and the Capital Asset Pricing Model (CAPM) approach to evaluating the risk of an individual financial asset. Question 3 Needs Grading Explain what steps would you take to compare the worthiness of two different financial investments? How would you choose which investment is a more attractive choice? Question 4 Needs Grading Explain whether there are typically differences between the past performance and the future performance of a financial investment? If not. why not? Question 5 Needs Grading What is the difference between the daily market valuation of a tradeable security and its valuation based on the application of the discounted cash flow approach