Kurt decided to increase the number of stocks in his portfolio. In doing so, Kurt reduced a. the firm-specific risk,

Kurt decided to increase the number of stocks in his portfolio. In doing so, Kurt reduced a. the firm-specific risk, but not the market risk of his portfolio. b. the market risk, but not the firm-specific risk of his portfolio. c. neither the market risk nor the firm-specific risk of his portfolio. d. both the firm-specific risk and the market risk of his portfolio.

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