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According to Chapter 8, how can a company's Diversifiable Risks be reduced or almost completely eliminated (from the stockholders' perspective)? What is one important practical implication of the Diversification Principle for Management? Stockholders: Always and only invest in well-diversified portfolios, never in only one or a few stocks; Management: Always and only invest in a number of independent business units which produce Free Cash Flows. Stockholders: Never invest in common stocks; Management: Always invest in other companies'common stocks. Stockholders: Always and only invest in well-diversified portfolios, never in only one or a few stocks: Management: Always invest in other companies' common stocks