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Which of the following statements are correct concerning unsystematic risk? I. can be effectively eliminated by portfolio diversification. II. is compensated for by the risk

Which of the following statements are correct concerning unsystematic risk?

I. can be effectively eliminated by portfolio diversification. II. is compensated for by the risk premium. III. is company specific or industry specific risk

Group of answer choices

I only

I and III only

II and III only

III only

I, II and III

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