An analyst observes Viacom shares currently trade at $47 and estimates the stock's intrinsic value to be $50. If the required return on VIA is 14% per year, which of the following statements is true? The market price of VIA can drop to $44 before the alpha on this trade becomes zero. The less time it takes for the market price to converge to $50, the greater will be the alpha. Assuming the analyst is correct about the intrinsic value, taking a long position in this stock is sure to generate a positive alpha. The stock is currently overvalued and would be a good candidate for a short position. The stock is currently undervalued but the alpide from a long position is certain to be negative