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If two investors are alike in every way except that one works for Delta airlines and the other works for the University of Denver, what
If two investors are alike in every way except that one works for Delta airlines and the other works for the University of Denver, what is true of the theoretically optimal portfolio of the Delta employee based on diversification arguments?
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The Delta employee would hold less airline stock, especially that of Delta.
The Delta employee would hold more airline stock because they know the industry well.
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