26. Buying low and selling high, making a large capital gain is associated with
(A) Investment
(B) Speculation
(C) Gambling
(D) Arbitrage
27. The type of risk that is not diversifiable and affects the value of a portfolio is
(A) Purchasing-power risk.
(B) Market risk
(C) Non market risk
(D) Interest-rate risk
ADN
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Answer:
26.invesment
27.interest-rate risk
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