Question 9 Treynor measure for the market index is the slope for security market line (SML). True False Question 12 1 pts What is the proper strategy to capture alpha given the following data? A portfolio generates an annual return of 14%, a beta of 1.5, and the S&P500 index returns 12%. The risk free rate is 3%. short the portfolio because it is underpriced long the portfolio because it is overpricied short the portfolio because it is overpriced long the portfolio because it is underpriced Question 14 1 pts All else the same, a European option will be less valuable than an American option because its exercise time is less flexible True False