1. Which statements are true?

   I: Risk premium measures whether a risky asset is expected to generate a higher return than the risk free asset

   II: High risk always comes with high expected return regardless of what types of risk

   III: In the CAPM world, high beta risk, high expected return

   IV: In the CAPM world, negative beta assets are still risky but their expected return can be lower than risk free rate.

   		I,II,III,IV
   		III
   		I,II,III
   		I, III,IV