问题如下图：
选项：
A. 
B. 
C. 
没看懂，cpam算出来的价格比估算价格低，不就是高估卖出吗？
NO.PZ2015121801000109 问题如下 Analysts who have estimatereturns of asset to greater ththe expectereturns generatethe capitasset pricing mol shoulconsir the asset to be: A.overvalue B.unrvalue C.properly value is correct.If the estimatereturn of asset is above the SML (the expectereturn), the asset ha lower level of risk relative to the amount of expectereturn anwoula goochoifor investment (i.e., unrvalue. 这题和经典题的6.3怎么是完全相反的结论呢？经典题capm算出来收益是12，expectereturn是15，最后结论是股票低估这题说capm比expectereturn大的时候是低谷到底哪个是对的？？
这个答案没有看明白，麻烦再感谢~ha lower level of risk relative to the amount expectereturn 是指什么？
