(3) Security X has an expected rate of return of 15% and a beta of 1.2. The risk-free rate is 5%, and the market expected rate of return is 15%. According to the capital asset pricing model, security X is A. fairly priced B. overpriced C. underpriced D. none of these answers (4) In the context of the capital asset pricing model the systematic measure of risk is captured by A B MUA beta unique risk the standard deviation of returns the variance of returns