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By definition, which of the following is correct regarding the beta of the market? a . The market beta will depend on the composition of

By definition, which of the following is correct regarding the beta of the market?
a. The market beta will depend on the composition of the market portfolio and could be greater than or less than 1.
b. The market beta will be less than 1 as the market portfolio is generally more diversified than an individual's portfolin
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