PLEASE ANSWER BOTH

Security X has an expected rate of return of 20% and a beta of 1.22. The risk-free rate is 5% and the market expected rate of return is 15%. According to the capital asset pricing model, is the security overpriced or underpriced and is the alpha positive or negative? underpriced; positive overpriced; negative underpriced; negative overpriced; positive Question 2 3 pts Suppose the market risk premium is expected to be 8%, a stock has a beta of 1.09, and the T-bill rate is 3%. An analyst believes the stock will provide a return of 18%. Using the CAPM, what would be the stock's alpha? Enter your answer as a decimal with three digits (e.g., 0.123, not 12.3\%)