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The beta of Royal Bank stock is 0.714 while the beta of Bristol Myers Squib is 0.461. Which of the following statements is most accurate?

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The beta of Royal Bank stock is 0.714 while the beta of Bristol Myers Squib is 0.461. Which of the following statements is most accurate? Select one: O a. Investors will expect RY stock to be more stable than BMY stock O b. Both RY and BMY stock are expected to fluctuate more in value than the market O c. It is not possible to determine expected returns because we do not know the market beta O d. If the market return is forecast at 20% over the next year, then we would expect returns of just over 14% for RY and just over 9% for BMY during the same time period O e. The risk BMY stock can be more easily diversified away than the risk of RY stock

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