Question: Question 1 3 pts Security X has an expected rate of return of 10% and a beta of 1.22. The risk-free rate is 5% and

 Question 1 3 pts Security X has an expected rate of

Question 1 3 pts Security X has an expected rate of return of 10% 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? overpriced, positive underpriced; positive underpriced: negative overpriced; negative

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