NO.PZ2018070201000109
问题如下：
If an analyst estimates an asset's return higher than the expected return calculated by the capital asset pricing model, the asset should be:
选项：
A.overvalued.
B.undervalued.
C.properly valued.
解释：
B is correct.
An asset could be considered as undervalued if its estimated return is above the SML (the expected return).
An asset could be considered as undervalued if its estimated return is above the SML (the expected return).
不是很理解这个解析