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You are holding a portfolio of 100 shares of type I firms that are affected only by firm-specific risks. Each stock's return has a

You are holding a portfolio of 100 shares of type I firms that are affected only by firm-specific risks. Each

You are holding a portfolio of 100 shares of type I firms that are affected only by firm-specific risks. Each stock's return has a volatility of 20%. What is the volatility of your portfolio's average return?

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