Assume that you hold a well-diversified portfolio that has an expected return of 11.0% and a beta of 1.20. You are in the process of buying 1,000 shares of Alpha Corp at $10 a share and adding it to your portfolio. Alpha has an expected return of 17.0% and a beta of 1.60. The total value of your current portfolio is $90,000. What will the expected return and beta on the portfolio be after the purchase of the Alpha stock? Do not round your intermediate calculations.

Group of answer choices

a) 13.22%; 1.15

b) 12.88%; 1.02

c) 13.57%; 0.99

d) 11.72%; 1.14