Which of the following is correct regarding the CAPM?
| The expected return for a particular asset depends on the pure time value of money as measured by beta |
| The expected return for a particular asset depends on the amount of systematic risk as measured by the risk free rate |
| The standard deviation for a particular asset depends on the reward for bearing risk as measured by beta |
| Implicit in the CAPM is that all risky assets have the same reward to risk ratio |
| The SML and CAPM illustrate that the higher the beta, the lower the expected return |
