Which of the following statements is CORRECT? Project X has the same market risk...

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Finance

Which of the following statements is CORRECT?
Project X has the same market risk as Project Y because its cash flows are not correlated with the cash flows of existing projects.
Project X has more corporate (or within-firm) risk than Project Y.
Project X has more stand-alone risk than Project Y.
Project X has the same level of corporate risk as Project Y.
Project X has more market risk than Project Y.

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