1. A beta coefficient of +1 represents an asset that ________.

A. has a higher expected return than the market portfolio

B. has the same expected return as the market portfolio

C. has a lower expected return than the market portfolio

D. is unaffected by market movement

2. A beta coefficient of +1 represents an asset that ________.

A. has a higher expected return than the market portfolio

B. has the same expected return as the market portfolio

C. has a lower expected return than the market portfolio

D. s unaffected by market movement

3. A beta coefficient of -1 represents an asset that ________.

A. is more responsive than the market portfolio

B. has the same response as the market portfolio but in opposite direction

C. is less responsive than the market portfolio

D. is unaffected by market movement