3. Consider Table 5. Each part of question 3 carry equal marks. Variance Security i Market Systematic Unsystematic Beta Risk Risk Table 5 Correlation Average Alpha of i and Returns Market 0.80 2% 0.60 1% 0.20 1% 1.00 9% 1 2 3 Market 12% 14% 16% 18% 1.00 (a) Consider Table 5. Calculate the market beta for securities 1, 2, and 3. Detail all calculations that you use