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Stocks A , B , and C have identical risks. Stock A earns an annual return of 9 . 9 percent as compared to 9

Stocks A, B, and C have identical risks. Stock A earns an annual return of 9.9 percent as compared to 9.6 percent returns on stocks B and C. Given this, you can correctly assume that:
Stocks B and C represent firms that are in the process of merging
Stock A is overpriced.
Stock A represents the smallest-sized firm.
the market return is 9.75 percent.
Stock A has a positive excess return.
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