You observe the following regarding Companies K and Y - Company K has a lower expected return than Company Y Company K has a higher standard deviation of returns than Company Y * Company X has a higher beta than Company Y. Given this information, which of the following statements is correct?

a. Company X has more company-specific risk than Company Y

b. Company X has a higher coefficient of variation than Company Y

c. Company X's returns will be negative when Y's returns are positive.

d. Company X has less market risk than Company Y