Which of the following statements is not true with regard to beta?

A) all of the responses are correct with regard to beta.

B) A beta of .75 is interpreted to mean that the stock price would go up or down .75 times as much as the overall market.

C) Beta is an indicator of the price volatility of a stock.

D) Conservative investors tend to seek out lower beta stocks while more aggressive investors who can tolerate more risk tend to seek out higher beta stock.

E) A beta of 1.2 is interpreted to mean that the stock price would go up or down 1.2 times the amount of the overall market.