Problem 6 > Intro A well-diversified portfolio P has an expected return of 5% and a beta of 1.5. The risk-free rate is 3.2% and the expected return on the S&P 500 is 8%. Attempt 1/3 for 10 pts. Part 1 What is the portfolio's expected alpha? 3+ decimals Submit - Attempt 1/3 for 10 pts. Part 2 What should you do? O Buy the security O Short-sell the security Submit