Assume that you hold 59 stocks in your current portfolio. You are thinking of adding another stock to your holdings. Your current 59 stock portfolio is expected to return of 11.0% annually and has a beta of 1.20. The value of your current portfolio is $170,000. Wanting to put some more cash ($30,000) to work, you plan to purchase 2,000 shares of Steve Co Corp at $15 a share and adding it to your existing portfolio. Steve Co Corp has an expected return of 20.0% and a beta of 1.50. What will the Expected Return AND Beta on the portfolio be AFTER THE ADDITION OF STEVE CO stock? Round your answer to two decimal places.

		13.98%; 1.26
		12.51%; 1.56
		9.40%; 1.34
		12.35%; 1.25
		12.58%; 1.28