Angel A Plc over the past few years has been investing surplus funds in a small portfolio of equity shares. Details of the portfolio are as follows: Company No. Beta shares Kit 70,000 1.27 Pam 150,000 1.53 Tee 100,000 1.01 Short 80,000 0.95 Johnson 130,000 0.82 Share Dividend Expected Return price () yield (%) (%) 3.75 5.6 17 4.25 3.5 21 2.50 4.2 19 4.50 6.2 14.5 3.50 4.8 20 The current market return is 17 percent and the rate earned on Treasury bills is 10 per cent Required: a) With the support of appropriate calculations examine whether Angel A Plc's portfolio is more or less risky than that of the market portfolio. (15 marks)