In CAPM (Capital Asset Pricing Model) framework, the beta coefficient is associated with the risk of an individual stock. List all the following statements that are TRUE:

1. Beta greater than 0 means stock exhibit higher systematic risk than the market

2. Beta less than 0 means stock exhibit negative correlation with the market

3. Beta does not measure the nonsystematic risk of the stock.

Choose one: 2) and 3) 1) and 2) None 1)