You have developed the following data to examine the impact of portfolio diversification. Which scenario seems to be out of place?

# of stocks in the portfolio	Diversifiable Risk	Market Risk
L. 2 stocks	0.15	0.20
M. 20 stocks	0.07	0.20
N. 30 stocks	0.11	0.20
O. 60 stocks	0.08	0.20
P. 100 stocks	0.06	0.20

Select one:

a. P

b. L

c. N

d. O

e. M