Solved: What do diversifiable and non-diversifiable mean in this, Finance Basics

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What do diversifiable and non-diversifiable mean in this

A typical investment/project has both a diversifiable and non-diversifiable risk.

What do diversifiable and non-diversifiable mean in this context? How should diversifiable risks be accounted for in project valuation? What are the benefits of this?

Be sure to support your statements with logic and argument, citing any scholarly sources referenced.

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Finance Basics: What do diversifiable and non-diversifiable mean in this

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