a) Critically examine the Capital Asset Pricing Model (CAPM) of portfolio management (10 marks) An analyst's expected return on two shares for particular market returns have been given as follow: Market Return Aggressive share Defensive share 6% 2% 8% 20 30 16 b) What are the beta of the two shares? (5 marks) c) What is the expected return on each share if the market return is equally likely to be 6% or 20 %? (5 marks) d) Using the results obtained in part c, use CAPM to find out the beta for the