23. Which of the following ratings indicate that a bond is low-quality? I. Baa IV. BB a. I only b. III and IV only d. I and III only e. I, II and III 24. The systematic risk principle states that the expected return on a risky asset depends onl on which one of the following? a. Unique risk b. market risk c. diversification d unsystematic risk 25. Which one of the following terms best refers to the practice of investing in a variety of diverse assets as a means of reducing risk? a. systematic b. unsystematic c. diversification d. portfolio management