9. High return, low risk investments are readily available in financial markets. Multiple Choice (1 point each) 1. An important insight from CAPM is a. The risk-return principle is largely invalid. b. Efficient diversification allows investors to eliminate the impact of specific risk on portfolio returns. c. Markets will not consistently reward investors for assuming specific risk. d. Smart investors can avoid systematic risk. e. b&c. f. All of the above. herre