The security market line (SML) shows the relationship between beta and expected return. The following graph shows stocks' betas (B) and expected returns (u): SML E A D um M re B B 1 Assume that the CAPM holds and expectations of stocks' returns and betas are correctly measured. Which statement is NOT correct? O a. Stock B has a negative excess return (a negative alpha). O b. The price of Stock D will rise, and the excess return of Stock D will fall. O c. Buying Stock E will lead to a zero NPV. O d. Stock A has less systematic risk than the market portfolio. O e. Stock C is underpriced