According to the capital asset pricing model, fairly priced securities 12. have A. Negative betas B. Positive alphas C. Positive betas D. Zero alphas 13. Which one of the following portfolios will have a beta of zero? No portfolio can have a beta of zero A portfolio that is equally as risky as the overall market A portfolio that consists of a single stock. d. a. C. A portfolio comprised of only US Treasury bills. 14. Under the CAPM, which security should have a higher return? A Systematic Risk 1.2 Unsystematic Risk | High A. Low B. 15. Increasing the number of stocks in a portfolio from 10 to 50 would most likely A Increase the return of the portfolio B Increase the variability of returns on the portfolio C. Decrease the systematic risk of the portfolio D. Decrease the unsystematic risk of the portfolio