Which of the following is not true? A systematic risk is the risk that affects the market as a whole, whereas unsystematic risk is a risk that is specific to a given company or industry. A "diversification" in investment context generally refers to the practice of investing in multitude of firms, industries, etc. to mitigate the risks associated with investing in non-risk-free assets. The systematic risk (that is, rather than the unsystematic risk) that represents the risks associated with only a specific firm, group of firms, or industry. None of the above (all of the above are correct statements). GHI Corp. has the beta of 1.54. Currently, the risk-free rate is 3.15% and the Market rate of return is 10.8%. If GHI Corp.'s actual returns were 14.12%, did GHI Corp.'s shares underperform or overperform in light of the expected returns under CAPM? GHI Corp.'s shares overperformed relative to its level of risk. GHI Corp.'s shares performed in accordance with its level of risk. GHI Corp.'s shares underperformed relative to its level of risk. There is insufficient information to determine how GHI Corp.'s shares performed relative to its level of risk