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3 points Save Answer (3 pts) The market rate of return is 7 percent and the risk-free rate of retum is 2 percent. Lexant stock

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3 points Save Answer (3 pts) The market rate of return is 7 percent and the risk-free rate of retum is 2 percent. Lexant stock has 2 percent more systematic risk than the market and has an actual return of 7 percent. Which of the following statement is correct? This stock is underpriced. This stock is correctly priced. This stock is overpriced. Cannot be answered using the information provided above

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