Select all the true statements below about how financial analysts determine mispriced asset using CAPM?

I. If an asset is expected to have a positive alpha, then it is underpriced.

II$.$ If an asset is expected to have a positive alpha, then it is overpriced.

III. If an asset is expected to have a negative alpha, then it is underpriced.

IV$.$ If an asset is expected to have a negative alpha, then it is overpriced.

I and IV

IV only

I only

II and III