Question
If an investor holds shares of about 20 different businesses all of the risk is eliminated and the portfolio will give a return equal to
"If an investor holds shares of about 20 different businesses all of the risk is eliminated and the portfolio will give a return equal to the risk-free rate." Discuss the statement.
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Principles of managerial finance
Authors: Lawrence J Gitman, Chad J Zutter
12th edition
9780321524133, 132479540, 321524136, 978-0132479547
