Question 7 (1 point) Given the following information, is Portfolio X overpriced, underpriced, or fairly priced based on the CAPM? What is the predicted alpha of Portfolio X based on the CAPM? Portfolio X: Forecast Return 17.2% T-bill rate 2% Standard deviation of 20% returns E(RM) 12% Beta 1.6 Overpriced; -0.8% Fairly Priced; 0.0% O Overpriced; 0.8% O Underpriced; -0.8%