3. The following information related to JK security market which has been seqmented into fourportfolios The risk free rate of return is \2 while the market rate of return is \15 Required a. Using Arbitrage Pricing Theory (APT), determine portfolio that has the highest expected value 4 Marks b. Using CAPM, determine the portfolio to choose to maximize the expected return 4 Marks c. In order to diversify your portfolio, you may consider to combine small firms with large firmportfolios. Show how you should invest in the small value portfolio and how much 2 Marks