If the expected return on a stock with a beta of 3 2 is 19.7%, is the stock over, under, or correctly valued, assuming the risk-free rate is 3 percent, and the market risk premium is 9%? undervalued since the stock's equilibrium return is less than its expected return overvalued since the stock's equilibrium return is greater than its expected return O None of the listed items is correct overvalued since the stock's equilibrium return is less than its expected return undervalued since the stock's equilibrium return is greater than its expected return