Which of the following statements is incorrect (select one)?

Select one:

a.

The larger a stocks beta, the higher its expected return

b.

A stocks total risk is the combined unique and systematic risks of the stock

c.

The systematic risk of a stock can be estimated using the CAPM

d.

Most unique risk can be eliminated by purchasing 20 different, unrelated investments

e.

Systematic risk can be eliminated through diversification