c. The South African rand appreciated from Thursday to Friday against the U.S. dollar. 11. The common stock of Alpha Manufacturers has a beta of 1.17 and an actual expected return of 12.76%. The risk-free rate of return is 3.3% and the market rate of return is 10.91%. Which one of the following statements is true given this information? A. The stock is underpriced. B. The stock has less systematic risk than the overall market. C. The actual expected stock return indicates the stock is currently overpriced