24. Which of the following is/are true? 1. Beta cannot be negative x 2. Higher beta guarantees higher return x 3. Other things being equal, higher beta stocks should be sold for a cheaper price 4. Negative beta assets show greater fluctuations of returns than positive beta assets 5. Beta of the portfolio composed of only risk-free asset and the market portfolio is always one 1. 1 and 2 2. only 2 3. only 3 192 4. 2 and 4 5. 3 and 5 25. Which of the following is/are true? 1. No equilibrium, No CAPM 0 2. The expected return on an asset with zero beta would still be greater than the risk-free rate 3. Beta triples, then the risk premium triples, too, 0 4. Beta triples, then the expected return triples, too. 5. Majority of betas would be positive 1. 1 and 2 2. 3 and 5 3. 1, 2and 5 Log 4. 1,3 , and 50 5,3,4, and 5