QUESTION 17 Consider a stock with a beta of 0.5. Which of the following statements is TRUE? Statement : When the market goes down by 0.5%, on average, the stock goes down by 1% Statement II: When the market goes up by 1%, on average, the stock goes up by 0.5% Statement III: When the market goes up by 1%, on average, the stock goes up by 1.5% Statement IV: When the market goes up by 0.5%, on average, the stock goes up by 1% Statement I only Statement II only Statement III only Statement IV only None of the statements are true