Expected return on two stocks for two particular market returns: What are the betas of the two stocks? What is the expected rate of return on each stock if the market return is 60% likely to be 5% and 40% likely to be 30% ? If the T-bill rate is 4.5% and the market return 60% likely to be 5% and 40% likely to be 30%, draw the SML for this economy. Between aggressive and defensive stocks, which one is undervalued, which is overvalued, and why