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Kurt decided to increase the number of stocks in his portfolio. In doing so , Kurt reduced Group of answer choices both the firm -

Kurt decided to increase the number of stocks in his portfolio. In doing so, Kurt reduced
Group of answer choices
both the firm-specific risk and the market risk of his portfolio.
the firm-specific risk, but not the market risk of his portfolio.
the market risk, but not the firm-specific risk of his portfolio.
neither the market risk nor the firm-specific risk of his portfolio.

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