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Using CAPM, we can consider a security as underpriced if I. its expected return is higher than the market return II. it lies above the

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Using CAPM, we can consider a security as "underpriced" if I. its expected return is higher than the market return II. it lies above the security market line III. it has a positive alpha A. I, II, and III B. II and III C. I and III D. Only III E. Only 11

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