Question: 3. Answer the following questions regarding diversification: What is the diversification principle? b. Explain why diversifying between assets with low or no correlation reduce

3. Answer the following questions regarding diversification: What is the diversification principle? b.

3. Answer the following questions regarding diversification: What is the diversification principle? b. Explain why diversifying between assets with low or no correlation reduce overall risk? c. What are the insurance benefits of diversification of a portfolio?

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