Sammy buys stock in a suntan-lotion maker and also stock in an umbrella maker. One stock does
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Sammy buys stock in a suntan-lotion maker and also stock in an umbrella maker. One stock does well when the weather is good;
the other does well when the weather is bad. Sammy’s portfolio indicates that “weather risk” is a _______ risk.
a. diversifiable
b. nondiversifiable
c. automatic
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Related Book For
Macroeconomics
ISBN: 9781264112456
22nd Edition
Authors: Campbell McConnell, Stanley Brue, Sean Flynn
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