four teen

Consider the following scenarios. ABC has a beta of 1.00. The annualized market return yesterday was 11% and the risk-free rate is currently 5%. You observe that ABC had an annualized return yesterday of 14%. I. PQR has a beta of 2.25. The annualized market return yesterday was 12% and the risk-free rate is currently 4%. You observe that PQR had an annualized return yesterday of 15%. III. XYZ has a beta of 1.70. The annualized market return yesterday was 13% and the risk-free rate is currently 3%. You observe that XYZ had an annualized return yesterday of 20%. If markets are efficient, what news announced yesterday would be consistent with the three scenarios? a. Bad news about ABC, good news about PQR, good news about XYZ b. Good news about ABC, bad news about PQR, no significant news about XYZ c. Good news about ABC, bad news about PQR, bad news about XYZ d. Good news about ABC, good news about PQR, bad news about XYZ