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Given the following information: The risk - free rate is 2 . 5 % , the beta of stock A is 1 . 5 ,

Given the following information: The risk-free rate is 2.5%, the beta of stock A is 1.5, the beta of stock B is 0.78, the expected return on stock A is 11.5%, and the expected return on stock B is 10.5%. Further, we know that stock A is fairly priced and that the betas of stocks A and B are correct. Is stock B fairly priced? Need all calculations, steps and explanations, no excel solutions please

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