In order to be considered a diversified company under the Investment Company Act of $1940,$ All of these must be true except $\_\_\_\_\_\_\_\_\_\_\_\_\_.$

a$)$ No more than $5\%$ of the funds assets can be invested in a single security

b$)$ The fund can$$t own more than $10\%$ of a securities voting stock

c$)$ The fund must be at least $50\%$ equity financed

d$)$ At least $75\%$ of the fund$$s assets must be in cash or securities