Which statement about a stock’s beta is correct?
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If a stock has a negative beta, its required rate of return will be unaffected by changes in the market risk premium.
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If a stock’s returns are negatively correlated with returns on most other stocks, the stock’s beta will be negative.
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If a stock’s beta triples, its required rate of return must also triple.
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A stock with a negative beta in theory cannot have a positive required rate of return.