You work for an asset management company and your boss asked you to analyze the historical performance of a stock using the CAPM model. You just went and collected historical data on the stock's past returns, as well as the returns of the market and historical risk-free rates. Then, you computed excess returns for the stock and the market and ran the CAPM regression and produced the output below. Assume that both the intercept and slope coefficient from the regression are statistically significant. Now, select the answer that best summarizes the report you should give to your boss. CAPM Regression 0.15 0.1 0.05 Y = Stock Excess Return -0.15 -0.1 GOS 0.05 0.1 0.15 02 0.25 -0.05 y = 0.287x + 0.003 RP = 0.286 X = Market Excess Return The stock outperformed the market on a risk-adjusted basis, and has more systematic risk than the market as a whole. The stock had higher returns than the market, but also much more systematic risk than the market as a whole, so the results are inconclusive. The stock underperformed the market on a risk-adjusted basis, and has less systematic risk than the market as a whole. The stock underperformed the market on a risk-adjusted basis, and has more systematic risk than the market as a whole. The stock outperformed the market on a risk-adjusted basis, and has less systematic risk than the market as a whole