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Please give a detailed answer. step-by-step. Thank you! Portfolio Management 14. The following table shows data for the stock Y and a market index. Expected

Please give a detailed answer. step-by-step. Thank you!

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Portfolio Management 14. The following table shows data for the stock Y and a market index. Expected return of stock Y Expected return of market index Risk-free rate Beta of stock y returns 10% 13% 3% 0.875 Based on the capital asset pricing model (CAPM), is the stock fairly valued? Explain your

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