The intercept of the security market line (SML) is: O a. Expected return of the minimum variance portfolio O b. Risk free rate Oc. Total risk O d. Market risk premium Oe. Beta Which of the following statements is true about diversification? O a. The variance is the weighted average of the individual securities' variances Ob. There is no benefit from diversification if the correlation coefficient is 1 Oc. By diversifying, portfolio risk can be reduced to zero Od. The benefit from diversification is maximized if the correlation coefficients is zero Oe. If the covariance between two securities is negative, then the portfolio's standard deviation can be- reduced to zero