Which of the following statements is true?

		The slope of the SCL is the market risk premium.
		The covariance of two assets is always between -1 and +1.
		If the assumptions underlying the Markowitz portfolio optimization theory hold, the markets Sharpe ratio is higher than the Sharpe ratio of any single company.
		Very risk averse investors are better off choosing the minimum variance portfolio from their investment opportunity set than choosing the optimal risky portfolio from their investment opportunity set.