- CFA Exams
- CFA Level I Exam
- Study Session 16. Portfolio Management (1)
- Reading 44. Using Multifactor Models
- Subject 3. Multifactor models: selected applications
CFA Practice Question
Active specific risk refers to ______.
B. variance
C. beta
A. standard deviation
B. variance
C. beta
Correct Answer: B
Variances are used because they are additive.
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