3. Your stock portfolio's assets have the following weights and betas: Asset Portfolio Weight Beta Quincy 20% .84 Radford 30 1.17 Stetson 35 1.08 Toad 15 1.36 a. What is the portfolio beta? b. Explain what beta tells the investor and how they might use that info to their advantage in their portfolio. If a portfolio has a positive position in each of the assets, can the portfolio's standard deviation be lower than the standard deviations of each individual asset? What about beta? Why is the answer different? (Hint: you need to explain how and why these two measures of risk are different) C