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Which of the following statements regarding common stock is(are) incorrect? I. Cyclical stocks have higher systematic risk than defensive stocks. II. Investing in international stocks

Which of the following statements regarding common stock is(are) incorrect? I. Cyclical stocks have higher systematic risk than defensive stocks. II. Investing in international stocks involves exchange rate risk. III. Value stocks have the above-average growth rate in earnings when compared to other firms in the economy. I and II I only III. only I, II, and III Il only
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Which of the following statements regarding common stock is(are) incorrect? 1. Cyclical stocks have higher systematic risk than defensive stocks. II. Investing in international stocks involves exchange rate risk. III. Value stocks have the above-average growth rate in earnings when compared to other firms in the economy. I and II I only III. only I, II, and III II only

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