The following is calculated from monthly data over the past five years: Stock Beta R-squared Monthly Standard Monthly Average Return Deviation Macy's (M) 0.01% 0.79 0.08 8.23% Proctor and Gamble (PG) 0.88% 0.63 0.24 3.76% Tesla Motor (TSLA) 4.92% 1.16 0.04 16.65% A. Calculate the expected return according to the CAPM for these three stocks. Over the past five years, the average monthly market risk premium is 0.90% and the monthly risk-free rate is 0.01%. B. If we instead used the historical five-year monthly average return of the stocks as our estimate of expected return, would each of these stocks be above, below, or on the Security Market Line? C. If investors believe the fair value of these stocks are given by the CAPM, are each of these stocks underpriced, overpriced or fairly priced? D. Which of the three stocks likely has the most idiosyncratic risk? The following is calculated from monthly data over the past five years: Stock Beta R-squared Monthly Standard Monthly Average Return Deviation Macy's (M) 0.01% 0.79 0.08 8.23% Proctor and Gamble (PG) 0.88% 0.63 0.24 3.76% Tesla Motor (TSLA) 4.92% 1.16 0.04 16.65% A. Calculate the expected return according to the CAPM for these three stocks. Over the past five years, the average monthly market risk premium is 0.90% and the monthly risk-free rate is 0.01%. B. If we instead used the historical five-year monthly average return of the stocks as our estimate of expected return, would each of these stocks be above, below, or on the Security Market Line? C. If investors believe the fair value of these stocks are given by the CAPM, are each of these stocks underpriced, overpriced or fairly priced? D. Which of the three stocks likely has the most idiosyncratic risk