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The return on the market portfolio is 12% and the risk free rate is 4%. If a security has a level of systematic risk equal

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The return on the market portfolio is 12% and the risk free rate is 4%. If a security has a level of systematic risk equal to 0.75, I Its equilibrium rate of return is 10% II Its eqilibrium rate of return is less than 12% because its risk is lower than M III Its equilibrium rate of return is greater than 4% because it is risky

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