Portfolio	Stock A	Stock B	Total Beta (A+B)
P1	1.45 x 100%	0.76 x 0%	1.45
P2	1.45 x 90%	0.76 x 10%	1.381
P3	1.45 x 80%	0.76 x 20%	1.312
P4	1.45 x 70%	0.76 x 30%	1.243
P5	1.45 x 60%	0.76 x 40%	1.174
P6	1.45 x 50%	0.76 x 50%	1.105
P7	1.45 x 40 %	0.76 x 60%	1.036
P8	1.45 x 30%	0.76 x 70%	0.967
P9	1.45 x 20%	0.76 x 80%	0.898
P10	1.45 x 10%	0.76 x 90%	0.829
P11	1.45 x 0%	0.76 x 100%	0.760

R = Rf + Bp (Rm-Rf)

P1 = 2% + 1.45 (9% - 2%) = 12.15 %

P2 = 2% + 1.381 (9% - 2%) = 11.67%

P3 = 2% + 1.312 (9% - 2%) = 11.184%

P4 = 2% + 1.243 (9% - 2%) = 10.701%

P5 = 2% + 1.174 (9% - 2%) =10.218%

P6 = 2% + 1.105 (9% - 2%) =9.735%

P7 = 2% + 1.036 (9% - 2%) = 9.252%

P8 = 2% + 0.967 (9% - 2%) = 8.769%

P9 = 2% + 0.898 (9% - 2%) = 8.286%

P10 = 2% + 0.829 (9% - 2%) = 7.803%

P11 =2% + 0.760 (9% - 2%) = 7.32%

TASK: Which portfolio(s) is/are overvalued and undervalued? PLEASE ANSWER USING CAPM AND SML JUSTIFICATIONS