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) depicts the highest attainable expected return for any given risk level that includes only efficient portfolios.
II.The security market line (SML) depicts the required rate of return for any given risk level that includes only individual securities.
III.The Security Market Line (SML) measures the price of systematic risk.

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