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( Mini Case); Consider a day on which the S&P/TSX 60 Index, an index of 60 large stocks, rose 59 points. On that same day,

( Mini Case); Consider a day on which the S&P/TSX 60 Index, an index of 60 large stocks, rose 59 points. On that same day, assume you are a professional investor has a large portion of investment of Air Canada, which is one of the stocks in the Index, announced some unexpectedly bad news. The price of Air Canada declined $10 on that same day. Using this example, discuss systematic risk, portfolio diversification, and asset specific risk. (25 Marks, list three bulletin points and discussed each within 250words)

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