Question 9 [5 pts] Complete each of the statements a)c). In the CAPM framework, no reward is needed for the ( ) risk, which can be reduced to a small amount. Answer: In the CAPM framework, the ( ) is defined as the difference between the expected return on the market portfolio and the return on the risk-free asset. Answer: The value of a firms intangible capital, firm-specific knowledge, or future growth opportunities may not be realized outside the firm. Such inseparability gives rise to( ) costs of financial distress. Answer: