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Which of the following statement is correct? Of a security is above the SML, it is overpriced. O Market risk can be diversified away by

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Which of the following statement is correct? Of a security is above the SML, it is overpriced. O Market risk can be diversified away by holding a well-diversified portfolio. The S&P 500 has a beta of more than 1. Firm-specific risk can be diversified away by holding a well-diversified portfolio. All of the listed choices are correct

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