Question: The table below provides the returns for three securities in different states of the economy. Based on the outcomes in the table below choose which
The table below provides the returns for three securities in different states of the economy. Based on the outcomes in the table below choose which security is risk-free if any.
| Scenario | Security A | Security B | Security C |
| Recession | Return < -10% | Return = 5% | Return > 20% |
| Normal | Return = 10% | Return = 5% | Return = 8% |
| Boom | Return > 10% | Return = 5% | Return < -10% |
| Security A | ||
| Security B | ||
| Security C | ||
| None of the above |
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