The reward-to-risk ratio for stock A is less than the reward-to-risk ratio of stock B. Stock A has a beta of 0.82 and stock B has a beta of 1.29. This information implies that:

According to the question, the reward - to - risk ratio for the stock A is lesser than that of the Stock B.

The beta values for both the stock is given as -

Stock A = 0.82

and,

Stock B = 1.29,

From the above information, it can be implied that either stock B is under price or the stock A is overpriced, or both.

Since, in the above case the absolute sense can not be determined and only the judgement can be made.