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Which one of these statements is true? a The betas used in the CAPM must be greater than 1 but less than 2. b By
Which one of these statements is true?
| a | The betas used in the CAPM must be greater than 1 but less than 2. |
| b | By convention, the market is given a beta of zero. |
| c | There is zero chance of default on a U.S. Treasury bill. |
| d | A U.S. Treasury bill has a beta of zero. |
| e | The rate of return on a U.S. Treasury bill is used as the value of RM in the CAPM. |
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