Which of the following is true about the Security Market Line (SML)? The SML:
A) Expresses a relationship between expected returns and systematic (non-diversifiable) risk.
B) Expresses the equilibrium relationship between expected returns and risk for all stocks.
C) Expresses the long-run average return.
D) Is a function of beta.
E) All of the above are true.
E
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Indicate whether the statement is true or false.
Which of the following statements concerning Collision Damage Waivers (CDW) is false?
A) CDWs waive the rental firm's right to charge you for damage to the rental car. B) CDWs are often a low-cost worthwhile purchase when you rent a car. C) CDWs are issued by auto rental firms and not by commercial insurance companies. D) CDWs do not provide the same personal liability auto protection as provided under the family auto policy.