You are a professional investor who manages the investments on behalf of your wealthy clients. You have identified an attractive arbitrage opportunity between a pair of dual-listed shares, Royal Dutch and Shell. You are about to make a large investment (relative to the overall size of your portfolio) in the two stocks. This trade involves buying the relatively undervalued security and short-selling the relatively overvalued security. In this case,...

A.Systematic risk is mostly irrelevant

B.Systematic risk is typically very important