Use the Following Three Statements to Answer This Question

Multiple Choice

Use the following three statements to answer this question:
I.The Capital Market Line (CML) must always be upward sloping, and it predicts required returns.
II.The Capital Market Line (CML) is based on expected rates of return, so it is ex post.
III.The Capital Market Line (CML) slope is the Sharpe ratio.

A) I, II, and III are correct.
B) I, II, and III are incorrect.
C) I and III are correct and II is incorrect.
D) I is incorrect, II and III are correct.