Please help

The following is gold's security characteristic line against the market (1973-2020). Gold's market beta is -0.30 during this time. The expected market return is 12.38%. The risk-free rate is 4.59%. According to CAPM, which of the following statements is true? 150 1978 100 A B c D Gold's expected return will equal the risk-free rate as minimum possible Gold is risky so its expected return will be greater than the risk-free rate An asset whose beta is +0.30 will have the same expected return with gold Gold has a negative beta so its expected return will be less than the risk-free rate 197372 Gold % Return 50 20019 200000 Hint: Recall the CAPM formula in Chapter 9 2007 -50 1990 50 100 150 1983 381999-12 y = -0.3001x + 7.3515 1989 Market % Return E[Ri] = Rp + Bi(E[Rm] Rp) 1972 1977 Year Market % Gold % -26.19 66.56304 1973 -35.75 59.04 1974 32.44 -31.00 1975 21.91 -9.14 1976 -8.26 17.96 1.03 28.39 1978 13.09 123.03 22.13 1980 -18.13 -46.86 1981 10.66 1.46 1982 13.74 -23.64 1983 -6.05 -28.85 1984 24.91 -1.89 10.12 13.38 1986 -3.87 18.99 1979 1.26 1985 1987 11.55 -22.04 1988 1989 20.49 -13.95 -10.60 -10.30 1990 1991 29.18 6.23 -15.22 -9.31 8.21 14.45 1992 1993 -4.10 -5.99 31.22 1994 1995 -4.50 -9.64 15.96 -27.00 -5.47 1996 1997 1998 1999 2000 25.96 19.46 20.57 -17.60 -15.20 -22.76 30.75 10.72 3.09 10.60 1.04 -38.34 28.26 -3.50 -12.15 -2.42 22.31 20.72 3.77 14.14 19.12 2001 2002 2003 2004 2005 2006 2007 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 26.93 1.81 27.53 27.62 11.61 5.62 17.37 0.44 16.27 35.20 -27.81 -0.21 11.71 -11.44 0.08 13.30 8.92 21.51 11.05 -6.93 -2.96 28.28 16.69 23.67 23.7294