Which of the following statements related to financial risk is/are correct? I. Another name for financial risk is business risk. II. A firm's financial risk does not affect its cost of equity. III. Financial risk is the risk associated with the use of debt. IV. Financial risk is measured by the beta of the firm's stock V. Financial risk remains the same regardless of the debt amount. VI. Financial risk is the risk associated with the use of fixed assets.

Multiple Choice III only

II and III only

I, II, and III only

I, II, III, and IV only

I and III only