Which of the following statements is most correct? 1. Market participants are able to eliminate virtually all market risk if they hold a large diversified portfolio of stocks II. Market participants are able to eliminate virtually all company specific risk if they hold a large diversified portfolio of stocks III. It is possible to have a situation where the market risk of a single stock is less than that of a well-diversified portfolio O a. Only I and III are correct Ob. Only I is correct O c. Only Ill is correct O d. Only Il is correct Oe. Only II and III are correct 27