True or False?

More volatile stocks have a higher return.

According to the CAPM, the market portfolio is a tangency portfolio.

If capital markets are completely efficient, then the purchase or sale of any security at the prevailing market price is never a positive-NPV transaction.

According to the Modigliani Miller, in perfect capital markets (no taxes), the capital structure of a firm matters.

Investors require higher returns on levered equity than on equivalent unlevered equity.

The company cost of capital is not always the correct discount rate for a project undertaken by the company.

If you write call option, you acquire the right but not the obligation to buy stock at a fixed strike price. (false?)

Overconfidence is an example of a behavioral bias exhibited by many professional money managers.

NPV is not a better capital budgeting tool than IRR