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Security X has an expected rate of return of 12% and a beta of 0.9. The risk-free rate is 2%, and the market expected rate

Security X has an expected rate of return of 12% and a beta of 0.9. The risk-free rate is 2%, and the market expected rate of return is 13%. According to the capital asset pricing model, security X is, O None of statements are correct O Underpriced O Overpriced Fairly priced

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