Tutorial 08 Tasks 1. The risk-free rate of return is currently 8 per cent and the market risk premium is estimated to be 6 per cent. The expected returns and betas of four shares are as follows: Share A B C D Expected return (%) 13 17.6 14 10.4 Beta 0.7 1.6 1.1 0.4 Which shares are undervalued, overvalued, or correctly valued based on the CAPM