Whether the given statement is true or false. Introduction: Unsystematic risk: Every company or industry is intrinsic to every investment. Unsystematic risk is a specific risk and is termed as the nonsystematic risk of the company. The unsystematic risk of the company can be reduced by diversification.

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Chapter 24, Problem 7CRCT

Summary Introduction

To determine: Whether the given statement is true or false.

Introduction:

Unsystematic risk: Every company or industry is intrinsic to every investment. Unsystematic risk is a specific risk and is termed as the nonsystematic risk of the company. The unsystematic risk of the company can be reduced by diversification.

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