If you find an asset with a statistically significant CAPM a, MUST that asset be mispriced? Yes, assuming you have enough data to generate reliable estimates of a and B No; the true model might have a risk factor besides the market return O No, you will only find a CAPM a when you do not have a long data sample O Yes, CAPM a means the asset is earning return that is not explained by exposure to the market O No, it depends on the beta of the stock