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Stock Y has a beta of 0.75. The expected return on Y is 14%, while the expected return on the market portfolio is 17%. The

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Stock Y has a beta of 0.75. The expected return on Y is 14%, while the expected return on the market portfolio is 17%. The risk-free rate is 2%. Because Y lies the SML, you should above; purchase below; sell above; sell below; purchase on; sell

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