Belor has been invited to become a limited partner in a new business. Belor feels that if he is putting up some of the money to launch the business, he should have some say in how it is managed. This can happen only if .

Security a has a higher standard deviation of returns than security b. we would expect that: (i) security a would have a risk premium equal to security b. (ii) the likely range of returns for security a in any given year would be higher than the likely range of returns for security b. (iii) the sharpe ratio of a will be higher than the sharpe ratio of b. (a) i only (b) i and ii only (c) ii and iii only (d) i, ii and iii