Question $22$

$4$ pts

Which of the following statement is FALSE?

If an asset graph above the SML$,$ then this asset is under$-$priced according to the CAPM.

Portfolios on the Capital Market Line $($CML$)$ contains both systematic risk and unsystematic risk.

If the CAPM holds, then all assets will graph on the Security Market Line $($SML$).$

The slope of the Security Market Line $($SML$)$ is represented by the market risk premium.