3. The distribution of returns for share P and the market portfolio M is given below: Returns...

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3. The distribution of returns for share P and the market portfolio M is given below: Returns (%) Probability P M 0.30 30 30 -10 0.40 20 20 0.30 0 30 You are required to calculate the expected returns of security P and the market portfolio, the covariance between the market portfolio and security P and beta for the security.

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