A portfolio has 4 assets. Asset 1 has a Beta of 1.2 and comprises 30% of the portfolio. Asset 2 has a Beta of 1.1 and comprises 25% of the portfolio. Asset 3 has a Beta of 1.5 and comprises 10% of the portfolio. The risk free rate is 3% of 0.8 and comprises 35% of the 6% a) What is the portfolio Beta and what does this number mean? (3) marks) b) What is the expected return on this portfolio? ( 3 marks) c) How does the expected return on the portfolio compare to the expected return on the market and is this consistent with the Beta is part a) ( 2 marks)