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In theory of portfolio management, investors are not compensated for assuming company specific risk, but they are compensated for assuming market risk. What is the

In theory of portfolio management, investors are not compensated for assuming company specific risk, but they are compensated for assuming market risk. What is the difference between standard deviation and beta? Explain beta. What is the most relevant measure of risk? Why? How would you interpret a stock with a beta of (1) 1.20, (2) 0.45, and (3) -0.75?

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