Question 12 According to Efficent Market Theory, which of the following statement regarding individual investor behavior is most likely NOT true ? Not yet answered O a. Employees tend to overinvest in their company's own stock. Marked out of 5.00 O b. Individual investors' portfolios consistently outperform the market averages. P Flag question C. A vast majority of individual investors hold fewer than 10 stocks in their portfolio. O d. Individual investors fail to diversify their portfolios adequately. Question 6 Which of the following is NOT a diversifiable risk? Not yet answered a. The risk that a new product will not receive regulatory approval Marked out of 5.00 O b. The risk of a key employee being hired away by a competitor P Flag question c. The risk that oil prices rise, increasing production costs O d. The risk of a product liability lawsuit