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Snapchats stock (SNAP) has an annual volatility of 40%, while Goldman Sachs (GS) has an annual volatility of 20%. Additionally, you expect SNAP to have

Snapchats stock (SNAP) has an annual volatility of 40%, while Goldman Sachs (GS) has an annual volatility of 20%. Additionally, you expect SNAP to have a beta of 1, and the beta of GS is expected to be 1.5. Which stock has more systematic risk? Which stock has more total risk?

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