Security A has a systematic risk of Beta =0.75. The return on the market portfolio...

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Security A has a systematic risk of Beta =0.75. The return on the market portfolio is 12% and the risk-free rate is 4%. If A has an observed return of 8% I A is over-priced II A is under-priced III A should be sold a. II only b. I only c. III only d.I and III e.I, II, and

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