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(a)Construct a portfolio p (with weights that sum to 1) containing securities 1 and 2 such that the return does not depend on the market

(a)Construct a portfolio p (with weights that sum to 1) containing securities 1 and 2 such that the return does not depend on the market factor f_1t in any way.Compute the expected return and b_2p coefficient for this portfolio.

(b)Similarly, construct a portfolio q containing securities 3 and 4 such that the return does not depend on f_1t.Compute the expected return and b_2q coefficient for this portfolio

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