The following two statements relate to Capital Asset Pricing Model. Choose the correct code for the statements being correct or incorrect.

Statement I: Beta is a measure of a security's risk relative to the risk of the market portfolio.

Statement II: The value of Beta measures both the systematic and the unsystematic risks of a security.

1
Statement I is correct, but II is incorrect.
2
Statement II is correct, but I is incorrect.
3
Both the statements I and II are correct.
4
Both the statements I and II are incorrect.

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