Which of the following statements regardin
题型：单项选择题
问题：
Which of the following statements regarding portfolio theory is least likely correct()
A. The covariance between the returns on a security and those of the overall market, divided by the variance of the market returns, is a measure of the security’s systematic risk.
B. All securities and portfolios plot on the SML when their prices are in equilibrium.
C. A security that lies on the CML must be priced at its equilibrium level.