QUESTION 11 Answer the following independent questions. 1. Briefly explain the difference between total risk, systematic risk, and unsystematic risk. (4 marks) 2. If the risk-free rate is 1% p.a., the market risk premium is 8% p.a. and the beta of a share is 0.1, what is the implied cost of equity capital? (2 marks) 3. Does a zero-beta security make sense? Briefly explain. (2 marks) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I U S Paragraph Open Sans,sa... 10pt T % o Q 6 M >> KO K