23. Tesla is expected to generate 20% return and has a beta of 2.08. Currently, the stock market is generating 11% return while the risk-free rate is 1.25%. According to Capital Asset Pricing Model (CAPM), Tesla's stock is a. Fairly valued, as it is expected to generate a larger return than the market b. Undervalued, as it is expected to generate a smaller return than what CAPM predicts c. Overvalued, as it is expected to generate a smaller return than what CAPM predicts d. Outperforming, because CAPM says it will be better than the market e. Cannot determine from the information given Use the following information for questions 24-26