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Macro events only are reflected in the performance of the market portfolio because: A. the market portfolio contains only risk-free securities. B. only macro events

Macro events only are reflected in the performance of the market portfolio because:

A.

the market portfolio contains only risk-free securities.

B.

only macro events are tracked by economists.

C.

the specific risks have been diversified away.

D.

the firm-specific events would be too numerous to quantify.

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