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RR1=R1+1(R4R2)ER2=W4ER4+W2ER3+2=WA4+W04+ Noter. Under Priced (delivers more than required) when: Expected Return (ER) > Required Return (RR) Faifly Priced when: Expected Return (ER) = Required Return

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RR1=R1+1(R4R2)ER2=W4ER4+W2ER3+2=WA4+W04+ Noter. Under Priced (delivers more than required) when: Expected Return (ER) > Required Return (RR) Faifly Priced when: Expected Return (ER) = Required Return (RR) Over Priced (delivers less than required) when: Expected Return (ER)

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