(TCO 8) Which of the following statements is true regarding systematic risk? Select all that apply: (Points : 4) is diversifiable is the total risk associated with surprise events it is not project or firm specific is measured by beta 7. (TCO 8) For this exercise, use the information provided for Problem 30 of Chapter 11 (page 375 of your textbook). Assume that the probability of the state of the economy has changed as follows: The probability of a recession has increased to 30% and the probability for a normal state of economy is now 40%. The market risk premium has increased by 1% as well. Which statement is true? Select all that apply: (Points : 4) Stock II has more risk than Stock I Stock II has less systematic risk than Stock I Stock I has a lower risk premium than Stock II Stock I has a lower expected return than Stock II need to select one answer for each