题目
Which of the following statements about systematic and unsystematic risk is least accurate?
选项
A.The unsystematic risk for a specific firm is similar to the unsystematic risk for other firms in the same industry.
B.As an investor increases the number of stocks in a portfolio, the systematic risk will remain constant.
C.Total risk equals market risk plus firm-specific risk.
D.As compared to a less-diversified portfolio, a well-diversified portfolio has lower unsystematic risk.
答案
A
解析
This statement should read, "The unsystematic risk for a specific firm is not similar to the unsystematic risk for other firms in the same industry." Thus, other terms for this risk are firm-specific, or unique, risk.Systematic risk is not diversifiable. As an investor increases the number of stocks in a portfolio the unsystematic risk will decrease at a decreasing rate. Total risk equals systematic (market) plus unsystematic (firm-specific) risk.该声明应为：“特定公司的非系统性风险与同一行业中其他公司的非系统性风险不同。” 因此，此风险的其他术语是公司特定风险或唯一风险。 系统性风险不可分散。 随着投资者增加投资组合中的股票数量，非系统性风险将以降低的速度降低。 总风险等于系统性（市场）加上非系统性（公司特定）风险。