Why can not you diversify away market or systematic risk

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1. Why can't you diversify away market or systematic risk?

2. What is Tobin's separation property and why is it important?

3. In the single-index return model, how do you determine alpha and beta for a single security, and what do they measure?

4. Can a stock have a beta value less than zero? What would one interpret it to mean?

Reference no: EM131851665

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