Assume that markets are efficient so all assets are fairly priced. Expected future returns: Hint: CML stands for capital market line. SML stands for security market line. Select one: a. Above the SML are impossible since assets cannot be under-priced. b. On the SML are perfectly normal and to be expected. c. Above the CML are possible and mean that the asset has diversifiable risk. d. On the CML are possible if the asset is a portfolio of the market portfolio and risk free rate. e. Below the CML are possible and mean that the asset has diversifiable risk.