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Risk tied to events at one particular company is called firm specific or:

AUnderwritten risk
BUndefined risk
CUnsystematic risk
DUnderstated risk
Answer & Solution
Correct answer: C. Unsystematic risk
1. A lawsuit or a new product affects one firm only. 2. That kind of risk has a formal name. 3. It is unsystematic risk. _Source: OpenStax Principles of Finance, Chapter 15, Risk and Return._
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