Which of de fullowirg stitemerts is thet the: of the stock pricest systemtutfic risk is measured by beta.

W$)$ During market downturns it is better to hold defensive stocks $($like Hershey Company or Anheu er Bush in Bev$)$ because they have large positive betas.

im$)$ When calculating the elut of capital $($WACC$)$ of a firm, you should consider the common stock and debt. but you should not include the preferred stock.

Only III

Only

I and II

II and III

Question $5$