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Standard deviation and alpha both measure risk, but they are different in that alpha measures: Total risk, while standard deviation measures only nonsystematic risk Only

  1. Standard deviation and alpha both measure risk, but they are different in that alpha measures:

  1. Total risk, while standard deviation measures only nonsystematic risk
  2. Only systematic risk, while standard deviation is a measure of total risk
  3. Both systematic and unsystematic risk
  4. Both systematic and unsystematic risk, while standard deviation measures only systematic risk
  5. Only unsystematic risk, while standard deviation is a measure of total risk

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