39. Stock X has a standard deviation of returns equal to 36% and a beta of 0.8. Stock Y has a standard deviation of returns equal to 25% and a beta of 1.1. To minimize his investment risk exposure, an investor should select if he is non-diversified and select if he is diversified.

A) X, X.

B) X, Y.

C) Y, Y.

D) Y, X.

E). All selections make no difference.