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If the correlation between every pair of stocks is +1, _____. Choose all that apply. all risk is firm-specific (systematic risk does not exist) all
If the correlation between every pair of stocks is +1, _____. Choose all that apply.
all risk is firm-specific (systematic risk does not exist) | ||
all risk is systematic (firm-specific risk does not exist) | ||
a perfectly diversified portfolio would be completely risk-free | ||
a perfectly diversified portfolio would have the same variance as a typical stock
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