Select the TRUE statement regarding diversification O e) The goal of diversification is to invest in a group of assets from three different industries in order to reduce risk a) The ways to reduce risk associated with financial assets are hedging, diversification, insurance, and selling the financial assets O b) Diversification reduces both systematic and unsystematic risk O d) Unsystematic risk of a portfolio cannot be reduced through diversification O c) Diversification works best when the returns of the assets are highly, positively correlated