Select all choices that apply. Points are earned for correct choices and deducted for incorrect choices.

Your firms team of analysts estimates the CAPM beta of Snap, Inc. stock (SNAP) to be 1.20. According to the CAPM, it then follows that:

Group of answer choices

the expected return of SNAP is greater than the expected return of the market index

the expected return of SNAP is greater than the riskless rate

the non-diversifiable risk of SNAP is greater than that of the market index

the CAPM alpha of SNAP is expected to be positive

the CAPM alpha of SNAP is expected to be negative

the ratio of SNAPs expected risk premium to its standard deviation of return --- i.e., SNAP's Sharpe Ratio --- is less than that of the market index