1. Closed-end investment companies with beta coefficients less than 1.0
a. have outperformed the market
b. have underperformed the market
c. have more systematic risk than the market
d. have less systematic risk than the market
2. Beta coefficients of 0.95 indicate
a. the stock is less volatile than the market
b. the stock has more unsystematic risk
c. the stock has less unsystematic risk
d. the stock is more volatile than the market