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One of the steps of the process of portfolio management is to protect the portfolio when it is adequate to do so. Portfolio managers may

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One of the steps of the process of portfolio management is to protect the portfolio when it is adequate to do so. Portfolio managers may decide to protect the portfolio by taking some short positions if: a. the portfolio is net short b. the portfolio is exposed to a lot of systematic risk c. the portfolio is exposed to a lot of unsystematic risk d. the portfolio is net long

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