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13) Which of the following statements is NOT true regarding beta? A) Beta will have a value of less than 1.0 if the firm's returns

13) Which of the following statements is NOT true regarding beta?

A) Beta will have a value of less than 1.0 if the firm's returns are less volatile than the market.

B) Beta will have a value of greater than 1.0 if the firm's returns are more volatile than the market.

C) Beta will have a value of equal to 1.0 if the firm's returns are of equal volatility to the market.

D) All of the statements above are true.

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