Rafsel is antenelyst at a weath mansgement firm. One of his clents holds a $10,000 portfolio thyt consists of four stocks. The investonent allocation in the portfelip along with the controbution of risk from each stock is grven in the follpwng table: a.4420 percintage pointi: Analysts' estimates on expected returns from equity imvestments are based on several factors. These estimations also often include subjective and judgmental factors, because different analysts interpret data in different ways. Suppose, based on the earnings consensus of stock analysts, Rafael expects a return of 6.76% from the portfolio with the new weights. Does he think that the reaured return as compared to expected returns is undervalued, overvalued, or fairly valued? Undervalued Guervained Falify valued Suppose instead of replacing Atteric Inc is stock with Braque Ca's stock, Rafael corsiders replacing Atteric Incis stock with the equal dollar ollocation to. shares of Company X's stock that has a figher beta than Mteric Inc. If everything else ramains constant, the required return from the portfolio would