Which statement(s) is (are) true regarding the capital market line (CML) and the security market line (SML)?

• The risk measure for the CML is standard deviation, while it is the beta for the SML.

• All portfolios on the SML are inefficient

• Portfolios on the CML are efficiently diversified

• All portfolios below the CML are overpriced

	A.	I, II, III, and IV
	B.	I, II and III
	C.	I and III
	D.	II and IV
	E.	II, and III