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Which of the following is TRUE? Investors cannot diversify away idiosyncratic risk Diversified investors require a risk premium for market risk An investor with a

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Which of the following is TRUE? Investors cannot diversify away idiosyncratic risk Diversified investors require a risk premium for market risk An investor with a portfolio beta of 1.21 can expect a lower return than an investor with a portfolio beta of 0.95 The market risk of an asset is independent and can therefore be offset by the market risk of other assets

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