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You observe the following information regarding Companies X and Y: Company X has a higher expected return than Company Y . Company X has a

You observe the following information regarding Companies X and Y:
Company X has a higher expected return than Company Y.
Company X has a lower standard deviation of returns than Company Y.
Company X has a higher beta than Company Y.
Given the information, which of the following statements is CORRECT?
A. Company X has less firm-specific risk than Company Y.
B. Company X has a higher coefficient of variation than Company Y.
C. Company X has less market risk than Company Y.
D. Company X's returns will be negative when Y's returns are positive.

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