Question

Which of the following statements is false? a. Systematic risk is a market-wide source of risk...

Which of the following statements is false?

a. Systematic risk is a market-wide source of risk and is non-diversifiable.
b. The beta estimate of the market portfolio is one.
c. The yield to maturity is less than the coupon rate of a premium bond.
d. Assuming no IRR problems, if IRR > cost of capital, the NPV estimate is negative.
e. The reinvestment rate of the MIRR is the cost of capital.

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