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Please Show steps Consider the following two stocks, IBM and ATT. Stock IBM has an estimated expected return of 10% and a beta of 1.20.

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Consider the following two stocks, IBM and ATT. Stock IBM has an estimated expected return of 10% and a beta of 1.20. Stock ATT has an estimated expected return of 14% and a beta of 1.80. The expected market rate of return is 9% and the risk-free rate is 5%. Which stock is undervalued, which stock is overvalued? Which stock would be better to buy? Explain your

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