Indicate whether each statement is true or false and provide an explanation for your answer.
a. The stock of Deutsche Bank is completely uncorrelated to the overall market. This stock will have an expected return equal to zero.

b. Volkswagen AG has a beta of 1.5, and BMW AG has a beta of 1.0. The return on the Volkswagen AG stock will be 1.5 times the return on the BMW AG stock.
c. Fresenius stock is quite volatile, but its movement has a negative correlation with the overall market. The expected return on this stock will be at least equal to the risk-free rate.