37. An investor gathered the following information about four common stocks: Stock A B D CAPM Beta 0.9 1.0 1.1 1.2 The risk-free rate of return is 4% p.a. and the expected market risk premium is 8% p.a. All four stocks have the same estimated annual return. Stock B is fairly priced. How many stocks are overvalued? a. 0 b. 1 c. 2 d. 3 e. 4