Multiple Answers (THREE Correct Statements)

If all the financial securities follow simple CAPM, which of the following statements is (are) correct?

		All investors will choose to hold different optimal risk portfolios.
		It implies that the passive strategy is costless and efficient.
		An investor's degree of risk aversion will determine his or her optimal mix of the risk-free asset and the optimal risky portfolio.
		If enough investors decide to purchase stocks, they are likely to drive up stock prices, thereby causing expected returns to fall.
		Each financial asset will have a different return per unit of risk.