Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Define diversification
Expert Solution
Step 1
Diversification
It is a strategy for the management of risk. Allocating the resource in the different portfolios in such a manner that it leads to the reduction of risk exposure.
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