A portfolio composed of the stocks below earned a return of 12.00% last year, while the S&P 500 earned 9.00%. The portfolio manager has asked you for a performance bonus as he beat the S&P 500. The risk free rate was 4.00% last year, while the market portfolio risk premium was 6.00%. Let's evaluate his claim. PORTFOLIO: STOCK BETA DOLLARS INVESTED Volunteer (VOL) 1.50 $2,000.00 Bulldog (DOG) 1.40 $2,000.00 Commodore (DORE) 2.00 $4,000.00 What was the beta of his portfolio? Submit Answer format: Number: Round to: 2 decimal places. What was the required return for his portfolio last year based on the risk? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)) Did his portfolio exceed expectations? (YES or NO) Submit Answer format: Text