Question
You have recently been reading through some essays and you have come across the following statement: If an investor holds shares in about 20 different
You have recently been reading through some essays and you have come across the following statement:
If an investor holds shares in about 20 different businesses, all of the risk is eliminated and the portfolio will guarantee a return equal to the risk-free rate.
Critically comment on this statement, clearly explaining any technical terms.
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Financial statements
Authors: Stephen Barrad
5th Edition
978-007802531, 9780324186383, 032418638X
