38. Which of the following is not true regarding Treynor ratio? a. All the portfolios on the security market line have the same Treynor ratio as the market portfolio b. Treynor ratio higher than the market portiolio's Treynor ratio indfcates a buyling opportuntiv C. Efficient market hypothesis suggests that Treynor ratio of all assets should be fess than or equal to that of the market d. Treynor ratio higher than the market portfolio's Treynor ratio suggests the portfolio bears more systematic risk than asset pricing model suggests c. The slope of the security market line is the Treynor ratio of the market portfolio