Alex currently has all of his wealth in Treasury bills. He is considering investing 70% of his funds in Meta Inc, whose beta is 1.03, with the remainder left in Treasury bills. Meta has an expected return of 14.5% and Treasury bills have an expected return of 2%. What are Alex's portfolio beta and portfolio expected return? Portfolio beta = 1.021, and Portfolio expected return = 16.50%. Portfolio beta = 0.721, and Portfolio expected return = 10,75%. Portfolio beta -0.721, and Portfolio expected return - 16.50%. Portfolio beta - 1.021, and Portfolio expected return -10.75%