13. Shares in Sheringham Enterprizes have a beta of 1.2. The risk-free rate is 2% and the required return on the market is 14%. What is the required return on shares in Sheringham Enterprizes?

A. 18.8%

B. None of the other answers are correct.

C. 16.4%

D. 11.6%

E. 14.0%

14. Julie creates a portfolio by investing 50% of his savings in shares of Antsy and the rest in shares of Bugsy. The expected return on Antsy's stock is 12%, the standard deviation of the stock's returns is 0.150. The expected return on Bugsy's stock is 18%, the standard deviation of the stock's returns is 0.600. What is the minimum possible standard deviation of the portfolio?