(a) Christina plans to contribute RM1,200 a year to her nieces college education. Her niece will graduate from high school in 10 years. If the interest rate is 6%, calculate the money Christina required to save for her by the time she graduates from high school.

(b) Company XYZ has a beta of 1.45. The expected risk-free rate of interest is 2.5% and expected return on the market is 17%. Calculate the expected return using the CAPM.