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Lincoln understood that the proper objective of his armies was the occupation of Confederate territory.
Sensitivity
The degree to which a financial asset's price responds to changes in underlying factors, such as interest rates or market volatility.
Systematic
Refers to the risk inherent to the entire market or market segment, which cannot be eliminated through diversification.
Firm-Specific Risk
The risk associated with an investment in a particular company, including factors such as management competence and product demand.
Total Risk
The complete set of risks associated with an investment, including both systematic and unsystematic risks.
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