You are considering purchasing the shares of Altyn Bala Promotions Inc. and have the following information about it: Current share price (PO) equals $90.00. In one year shares are expected to have a price (P1) of $110.00. Beta for the shares is 2.31. Altyn Bala Promotions usually do not pay any dividends. Yield for a 3-month Treasury bill is 4.25%. S&P 500 historically had an average return of 12.5%. You are trying to understand if the shares are over or undervalued. Required: 1. Write the formula and calculate Expected Return (Holding period return) (2 points) 2. Write the formula and calculate Required Return (2 points) 3. Determine if the shares are over/under valued. Provide brief comments why. (2 points)