VIII or the Tonowing statements regaruing the total risk or an asset istarej CORRECT: 1. Systematic (market) risk is the risk attributable to broad economic factors affecting all securities, such as interest rate, market, and inflation risks. II. Unsystematic (nonmarket) risk is the risk attributable to factors unique to a security, such as business, financial, and liquidity risks. I only Il only OOOO Both I and II Neither I nor 11 -2 1 point Which of the following statements regarding market efficiency is(are) CORRECT? I. An efficient market is one in which security prices fully reflect all available information. II. The efficient market hypothesis states that securities markets are efficient and security prices reflect their true economic value. I only Il only OOOO Both I and II Neither I nor 10 3 1 point Which of the following persons need estate planning? I. Dave, single, has a net worth of $1 million. II. Jim, married, has 9 children, 6 grandchildren, and a net worth of $400,000. III. Steve, divorced, has a daughter who is severely challenged physically, and whose net worth is $20,000. IV. Beth, single, has a net worth of $50,000, and has 2 dogs that she considers her children. I and III OOO II and III II and IV 111