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Liberals who opposed the ideas of Mills believed in all of the following except
Unsystematic Risk
The risk of price change due to the unique circumstances of a specific security, as opposed to overall market movement, which can be diversified away.
Statistical Tests
Analytical procedures used to determine the significance of collected data by comparing it against a predetermined threshold or value.
Systematic Risk
The risk inherent to the entire market or market segment, which cannot be mitigated through diversification.
Beta Value
A measure of a stock's volatility in relation to the overall market, indicating the level of risk associated with the stock.
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