13. Assume that the CAPM holds, the expected return on the market portfolio is 12%, the standard deviation of return on the market portfolio is 18% and all investors can borrow and lend at the riskless rate of 4%. Determine the expected return and standard deviation of return for the following portfolios. (a) In this portfolio, the investor has borrowed $400,000, and invested this, along with $800,000 of her own money in the market portfolio. She has no other investments. (b) The total investment is $235,000. Of this, $47,000 is invested in the riskless asset, and the rest is invested in Regis Corporation stock. Regis stock return has annnlntion annfficient of 0.7 with the market portfolio return. The standard d. Question-18.pdf hegis on stock is 45%. (c) The total investment is $200,000. This portfolio includes a short position in an asset whose beta is 0.4 and whose standard deviation of return is 8%, as well as an investment of $400,000 in the market portfolio. There are no other investments