42% of Roger's portfolio is stock of Netflix. The rest is in stock of Target. Netflix's beta is 1.50, and Target's beta is 0.57. The current risk-free rate is 3%, and the expected return for the S&P 500 is 9%. What is the expected return of Roger's portfolio?

Because of the CAPM, if you know a stock's beta, you know what it's return will be next year. True or false.

PLEASE ANSWER BOTH