5. Which of the following is an inaccurate statement about a capital asset? a. An asset's state-dependent return is its income return plus capital gain return for one prediction of the asset's end-of-year cash payment and price. An asset's expected return is the most likely return to be realized at year-end, i.e., the state- dependent return from the most probable state. An asset's return variance -- the probability-weighted sum of the squared deviations of the assets state-dependent returns from its expected return -is one measure of the asset's total risk. b. c. 5. Which of the following is an inaccurate statement about a capital asset? a. An asset's state-dependent return is its income return plus capital gain return for one prediction of the asset's end-of-year cash payment and price. An asset's expected return is the most likely return to be realized at year-end, i.e., the state- dependent return from the most probable state. An asset's return variance -- the probability-weighted sum of the squared deviations of the assets state-dependent returns from its expected return -is one measure of the asset's total risk. b. c